Economics A-Level
Societal welfare
What Societal welfare means in Economics A-Level, as defined for AQA.
Definition of Societal welfare
Check what you remember
Read the wording for your board, then hide it and explain Societal welfare in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
What is maximised when resources are distributed to match consumer preferences.
Topics that use Societal welfare
- Production possibility diagrams (AQA A-Level)
Related terms
- Allocative efficiency
- Economic growth
- Opportunity cost
- Production possibility frontier
- Productive efficiency
- Unemployment of economic resources
Using Societal welfare in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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