What does social planner mean?
Definitions for social planner
so·cial plan·ner
This dictionary definitions page includes all the possible meanings, example usage and translations of the word social planner.
Wikipedia
Social planner
In welfare economics, a social planner is a decision-maker who attempts to achieve the best result for all parties involved. In neo-classical welfare economics, this means the maximization of a social welfare function. In modern welfare economics, there is a greater emphasis on Pareto optimality, in which no one's economic status can be improved without worsening someone else's. Pareto-optimal solutions are not unique, and according to the Second Fundamental Theorem of Welfare Economics, a social planner can achieve any Pareto-optimal outcome by an appropriate redistribution of wealth by means of competitive market. In practice, the social planner role is generally played by a government entity. However, real governments have multiple goals in addition to, or instead of the benefit of their people. This problem is studied in public choice economics.
Numerology
Chaldean Numerology
The numerical value of social planner in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of social planner in Pythagorean Numerology is: 4
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"social planner." Definitions.net. STANDS4 LLC, 2024. Web. 2 May 2024. <https://www.definitions.net/definition/social+planner>.
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