welfare economics
noun
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.
Words nearby welfare economics
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welding rod,
weldment,
weldon,
welfare,
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welfare fund,
welfare hotel,
welfare island,
welfare mother,
welfare state
British Dictionary definitions for welfare economics
welfare economics
noun (functioning as singular)
the aspects of economic theory concerned with the welfare of society and priorities to be observed in the allocation of resources