Distinguish between the classical utilitarian social welfare function and the minimax social welfare function.

Classical Utilitarian Social Welfare Function vs. Minimax Social Welfare Function:

The classical utilitarian social welfare function and the minimax social welfare function are two different approaches used in economics to evaluate and compare different policy options or distributions of resources in a society. They reflect distinct criteria for achieving societal well-being and addressing inequalities. Let's distinguish between the two:

1. Classical Utilitarian Social Welfare Function:

The classical utilitarian social welfare function aims to maximize the overall sum of individual utilities or well-being in a society. It emphasizes maximizing aggregate happiness or satisfaction among individuals. Under this ___ ___ _______ ____ ___ _______ _______ ________ _____.
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