Concept information
Preferred term
welfare economics
Definition
- Welfare economics is a subfield of economics; it shares many concepts with microeconomics, but it is more concerned with improving the welfare of economic agents than with explaining how markets operate. Welfare economics has been somewhat marginalized within the context of contemporary economics. [Source: Encyclopedia of Philosophy and the Social Sciences; Welfare Economics]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-LLCS3XXX-6
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