Advertisement
Advertisement
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.
welfare economics
noun
- the aspects of economic theory concerned with the welfare of society and priorities to be observed in the allocation of resources
Advertisement
Word of the Day
[gal-uh-maw-free ]
Meaning and examplesStart each day with the Word of the Day in your inbox!
By clicking "Sign Up", you are accepting Dictionary.com Terms & Conditions and Privacy Policies.
Advertisement
Advertisement
Advertisement
Browse