2 Answered Questions for the topic welfare
If I gain, then someone else loses. Correct?
On a very small scale, it's certainly true that if I gain, somebody else might lose. If I take away my brother's chocolate, then he will lose it, and will most probably not get anything...
on economic growth and Second Welfare theorem?
While I was studying eighth edition of Mankiw's Macroeconomics, in chapter 9 on Economic Growth(pg. 245), the author mentions :**"Some economists have proposed increasing the incentive to save by...
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