welfare economics

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.

welfare economics

noun

1. the aspects of economic theory concerned with the welfare of society and priorities to be observed in the allocation of resources

Example Sentences

He consolidated his win with welfare economics, boosting infrastructure and unabashed Hindu nationalism, winning a second term in 2019 with a bigger majority.

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Promising change, Modi swept to power in 2014, and he has consolidated his hold since with welfare economics, a focus on boosting infrastructure and aggressive Hindu nationalism.

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Among its many challenges: to resolve internal rivalries, market its platform of welfare economics, forge strategic alliances with India's multitude of regional parties, and counter the strong messaging power of Modi and the BJP, analysts said.

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First, officials should update formulas using principles from welfare economics, a field focused on allocating economic resources to improve overall societal well-being.

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In more advanced economics courses, that lesson is called the first fundamental theorem of welfare economics.

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