Economics · Welfare Economics
According to John Rawls' Social Welfare Function (Maximin Criterion), social welfare depends on:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The unweighted sum of utilities of all individuals
- 2The utility level of the least well-off individual in society✓
- 3Maximizing the utility of the wealthiest section of society
- 4The mean utility level across the entire population
Correct answer
The utility level of the least well-off individual in society
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