Question

difference between economic and social welfare​

Answer 1

Answer:

In actuality, welfare is a happy state of human mind. Pigou regards individual welfare as the sum total of all satisfactions experienced by an individual and social welfare as the sum total of individual welfares. ... Economic Welfare is that part of social welfare which can directly or indirectly be measured in money.

Answer 2

Explanation:

In actuality, welfare is a happy state of human mind. Pigou regards individual welfare as the sum total of all satisfactions experienced by an individual and social welfare as the sum total of individual welfares. ... Economic Welfare is that part of social welfare which can directly or indirectly be measured in money