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social optimum [1 record]

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Record 1 2006-01-20

English

Subject field(s)
  • Economic and Industrial Sociology
  • Economic Doctrines, Systems and Policies
CONT

The economist's concept of "optimum allocation of resources" is a social optimum. That is, the idea is to maximize the net benefits for everybody in society, regardless of who enjoys the benefits or pays the cost.

CONT

A social optimum occurs when the country's resources are used in such a way that it is not possible to make anyone better off without making somebody else worse off. This situation is described as being allocatively efficient, and is known as a Pareto optimum.

French

Domaine(s)
  • Sociologie économique et industrielle
  • Doctrines, systèmes et politiques économiques
OBS

Pluriel : des optimums ou des optima.

OBS

optimums (pl.) : Cette graphie, puisée des Rectifications de l'orthographe recommandées par le Conseil supérieur de la langue française, est attestée dans le Petit Robert (2004).

Spanish

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