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  5. Conservative Social Welfare Function

Conservative Social Welfare Function

Definition of 'Conservative Social Welfare Function'

A method of evaluating economic changes which puts more weight on reductions in welfare that on increases.

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Related Terms

Aid to Families with Dependant ChildrenProduction FunctionSaving FunctionWelfare EconomicsBlack EconomyCentral Securities Depository (CSD)Frequency FunctionInflation IllusionWelfareWelfare Criterion

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