Question

Define economic welfare​

Answer 1

Answer:

Broadly, economic welfare is the level of prosperity and standard of living of either an individual or a group of persons. In the field of economics, it specifically refers to utility gained through the achievement of material goods and services.

Explanation:

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Answer 2

$\huge \mathfrak \color{violet}{Economic \: Welfare : } \over$

Economic Welfare is the level of prosperity and standard of living of either an individual or a group of persons. In the field of economics, it specifically refers to utility gained through the achievement of material goods and services.