Economy, asked by myselfhimanshuk2447, 9 months ago

How non economic wants help in promoting social welfare??

Answers

Answered by Adityaanand20

Answer:

An increase in real output and real incomes suggests people are better off and therefore there is an increase in economic welfare. However, economic welfare will be concerned with more than just levels of income. ... These quality of life factors are important in determining economic welfare.

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