What is the definition of Welfare economics? | Dictionary.net

WELFARE ECONOMICS

\wˈɛlfe͡əɹ ˌiːkənˈɒmɪks], \wˈɛlfe‍əɹ ˌiːkənˈɒmɪks], \w_ˈɛ_l_f_eə_ɹ ˌiː_k_ə_n_ˈɒ_m_ɪ_k_s]\

Definitions of WELFARE ECONOMICS

1910 - Black's Law Dictionary (2nd edition)

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Cost to benefit analysis of resource allocation on society's welfare. See welfare state.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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