thestudyof how a country'seconomyaffectsthehealth,happiness, andstandardoflivingofitspeople(Definition ofwelfare economicsfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofwelfare economics
welfare economicsPublic economics builds on the theory ofwelfareeconomicsand is ultimately used as a tool to improve social welfare.FromWikipediaThis 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.FromWikipediaThis 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.FromWikipediaThis 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.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The field ofwelfareeconomicsis associated with two fundamental theorems.FromWikipediaThis 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.FromWikipediaThis 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.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Such efficiency is a central concept inwelfareeconomics.FromWikipediaThis 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.FromWikipediaThis 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.FromWikipediaThis 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.#https://dictionary.cambridge.org//dictionary/english/welfare-economics##
