the aspects of economic theory concerned with the welfare of society and priorities to be observed in the allocation of resources
welfare economics in American English
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
Examples of 'welfare economics' in a sentence
welfare economics
He has been a world leading scholar in welfare economics and mesoeconomics.
Max Carpendale 2015, 'Welfare Biology as an Extension of Biology. Interview with Yew-Kwang Ng', Relations http://www.ledonline.it/index.php/Relations/article/view/884. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
This study may be useful to understand the transitional and survival process of welfare economics.
Khalid Iqbal 2017, 'Welfare Economics: A Story of Existence ', Romanian Economic Journalhttp://www.rejournal.eu/article/welfare-economics-story-existence. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)