English, asked by gang63984, 3 months ago

the welfare definition of economics

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Answered by beheraitishree
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Answered by Priyankagahlawat
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The welfare definition of economics is an attempt by Alfred Marshall.

The study of how the allocation of resources and goods affects social welfare. this relate directly to the study of economy efficiency and income distribution as well as how these two factors affect the overall well being of people in the economy.

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