characteristics of welfare economics
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Welfare economics is a branch or subfield of economics that concentrates on how resources are allocated to maximize welfare. Defined as the utility or satisfaction derived from consumption or any other economic activity such as resource allocation, trade, or distribution, human welfare remains at the heart of welfare economics.
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Welfare economics is a branch or subfield of economics that concentrates on how resources are allocated to maximize welfare. Defined as the utility or satisfaction derived from consumption or any other economic activity such as resource allocation, trade, or distribution, human welfare remains at the heart of welfare economics.
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