welfare economics
noun[U]
ECONOMICSukusthestudyof how a country'seconomyaffectsthehealth,happiness, andstandardoflivingofitspeople
Examplesofwelfare economics
welfare economics
Public economics builds on the theory ofwelfareeconomicsand is ultimately used as a tool to improve social welfare.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Inwelfareeconomics, a level of "feasible" output possibilities is commonly distinguished from the distribution of income for those output possibilities.
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This example is from Wikipedia and may be reused under a CC BY-SA license.This overfocusing on macroeconomic aggregates, also led to an ignoring ofwelfareeconomics.
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This example is from Wikipedia and may be reused under a CC BY-SA license.His research interests are public sector economics andwelfareeconomics, with special emphasis on tax theory and policy, redistribution, fiscal federalism and cost-benefit analysis.
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This example is from Wikipedia and may be reused under a CC BY-SA license.The field ofwelfareeconomicsis associated with two fundamental theorems.
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This example is from Wikipedia and may be reused under a CC BY-SA license.When asked which of all the applications of mechanism design he was most pleased to see he saidwelfareeconomics.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Welfareeconomicsseeks to evaluate economic policies in terms of their effects on the well-being of the community.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Such efficiency is a central concept inwelfareeconomics.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Welfareeconomicsdeals with the issue of the overall benefit to society of changes that harm some and help others.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Welfareeconomicsultimately deals with cognitive concepts such as well-being, happiness, and satisfaction.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.