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Welfare economics (Tgmw)

Definition
A branch of economics that deals with the level of prosperity in an economy, cost-benefit analysis of resource allocation, and evaluation of the effects of economic policy measures on the well-being of communities and individuals. (Source: Team)
Broader Term
Economics (Tgm)
Related Terms (Hierarchical)
Agricultural economics (Tgmb)
Econometrics (Tgmc)
Industrial economics (Tgmj)
Macroeconomics (Tgmm)
Microeconomics (Tgmr)
Regional economics (Tgmt)