GREATEST HAPPINESS PRINCIPLE | WELFARE ECONOMICS | LEARN OIKONOMIA

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Published on December 29, 2023 8:00:07 AM ● Video Link: https://www.youtube.com/watch?v=a6mSvDP4N1M

Duration: 9:03

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This video discusses GREATEST HAPPINESS PRINCIPLE.
In economics, the "Greatest Happiness Principle" refers to the concept of maximizing the overall welfare and well-being of individuals in society. It is closely associated with utilitarianism, a moral and philosophical theory that focuses on maximizing happiness or pleasure for the greatest number of people.

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