Welfare economics/Definition

From Citizendium
Jump to navigation Jump to search
This article is developing and not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
Tutorials [?]
 
A definition or brief description of Welfare economics.

The study of the social desireability of alternative arrangements of economic activity and alternative allocations of resources.