Question

8. Describe briefly economic welfare and non-economic
welfare?​

Answer 1

Answer:

Economic welfare is the part of total human welfare which can be measured in terms of money. Non-economic welfare is the one which cannot be measured in terms of money such as environment, law and order, and social relations.

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Answer 2

Answer:

Economic welfare is the part of total human welfare which can be measured in terms of money. Non-economic welfare is the one which cannot be measured in terms of money such as environment, law and order, and social relations.

Explanation:

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