Socialist Ideology
Welfare economics provides strong support to socialist ideology. Only a socialist dictatorship can bring bout conditions of production exchange and distribution which may be conducive to welfare maximization Free enterprise economy where conditions of perfect competition do not exist is helpless in he matter A strong government action is called for to establish a social optimum Conclusions Above re given a few illustrations (the lists are not exhaustive) which show that welfare economics has a strong ya in shaping vital economic policies and in the introduction of far reach welfare increasing economic erasures
Socialist Ideology
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