Answer to Question #66120 in Microeconomics for Suman das
Pareto approach for analyzing the welfare economics
According to the Pareto principle, the maximum prosperity can only be achieved with such allocation of resources in the state when the next redistribution of resources does not happen, and then the utility level is not increased in society. Improving the situation in the country can only happen when the welfare of some people is growing, but the well-being of others will not change, according to the Pareto distribution. Pareto believed that fiscal policy in the sphere of social protection of public finances is key to prosperity.
Thank you so much! It works amazing!!!! I want to say a personal thank you; "Thank you to every individual that had a role in helping this assignment, you all have helped me so much!" I really appericate all your help. If you have a review for me to write, I'd be more than happy to write you/this website a great review. Hope everyone of you have a great day! Thanks again!