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Welfare Criterion |
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Welfare Criterion The basis by which one measures the benefits of a change against its drawbacks. For example, one may elect to make a change if everyone gains and no one loses, or if the number or the quality of the gains outpaces the number or quality of the losses. There is no single welfare criterion; the criterion used varies according to the ethics or preferences of the one(s) considering the change. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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