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词汇 welfare economics
释义

Definition of welfare economics in English:

welfare economics

noun
  • (The branch of) economics concerned with the effects of economic activity on the welfare of the individuals that compose society; specifically economic theory or practice aimed at improving the welfare of the individual.

Origin

1920s; earliest use found in The American Economic Review.

Definition of welfare economics in US English:

welfare economics

noun
  • (The branch of) economics concerned with the effects of economic activity on the welfare of the individuals that compose society; specifically economic theory or practice aimed at improving the welfare of the individual.

Origin

1920s; earliest use found in The American Economic Review.

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