| 单词 | welfare economics |
| 释义 | welfare economics From Longman Business Dictionarywelfare economicsˈwelfare ecoˌnomics [uncountable]ECONOMICS the part of economics that deals with how a country’s economy should be managed to increase the wealth and standard of living of people in the countryIn welfare economics the existence of market failure is sufficient reason for government intervention. → economics |
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