Question

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How ᴛᴏ ᴅᴇꜰɪɴᴇ ᴇᴄᴏɴᴏᴍɪᴄ ᴡᴇʟꜰᴀʀᴇ?

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Answer 1

Explanation:

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Answer 2

Answer:

$\huge\colorbox{yellow}{Answer:-}$

Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being at the aggregate level. Attempting to apply the principles of welfare economics gives rise to the field of public economics, the study of how government might intervene to improve social welfare.