Traditional economy theories believe that monopoly should lead to the loss of social welfare.
传统经济理论认为垄断会导致社会福利的损失。
But Chinese security market is incomplete under short-sale constraint, which causes the ineffectiveness of risk share and the loss of social welfare.
然而，我国存在卖空限制的证券市场是不完全的，这导致了风险分担的无效以及社会福利的损失。
In much of Europe, rules governing worker firing helped limit job loss, while strong social-welfare programs ensured that even the jobless retained their health care and received a basic income.
在欧洲许多地方，解雇工人的严格法规对工作岗位的丧失起到了限制作用，健全的社会福利计划确保失业者可以继续享受健康保险并领取基本收入。
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