Welfare Economics (noun) Definition, Meaning & Examples

Admin
noun
  1. a branch of economics concerned with improving human welfare and social conditions chiefly through the optimum distribution of wealth, the relief or reduction of unemployment, etc.
noun (functioning as singular)
  1. the aspects of economic theory concerned with the welfare of society and priorities to be observed in the allocation of resources
Welfare Economics (noun) Definition, Meaning & Examples

More Definitions