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Welfare Economics
(redirected from Welfare economy)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
Welfare Economics
The study of how to distribute income in order to achieve social good. In other words, welfare economics takes the preferences of individuals at the microeconomic level and tries to apply them in macroeconomics. It attempts to discourage inequality to improve utility. Welfare economics is rather controversial, in part because there is no one way to measure social good; therefore, its study can be subjective.


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It's not a new energy economy, it's a welfare economy, and giving tax breaks and subsidies to any company is wrong.
1904558828 Care and social change in the Irish welfare economy.
Grog and drug abuse coupled with an outlook determined by a passive welfare economy is a fatal combination.
 
 
 
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