Welfare (economics)/Definition: Difference between revisions

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imported>Nick Gardner
(New page: <noinclude>{{Subpages}}</noinclude> A concept used in economics to denote the degree to which a group of individuals experience pleasure or satisfaction, each in his, or her, own estimatio...)
 
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Latest revision as of 03:48, 26 February 2010

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Welfare (economics) [r]: A concept used in economics to denote the degree to which a group of individuals experience pleasure or satisfaction, each in his, or her, own estimation.