Question

Theory of Economic Welfare is part of
subject matter of
आर्थिक
कल्याणाचा सिद्धांत
च्या विषयाचा भाग
आहे​

Answer 1

Answer:

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Answer 2

Theory of Economic Welfare is part of subject matter of microeconomics.

1. It studies the impact of goods and service distribution on social welfare.
2. Its aim is welfare of the society through the achievement of economic efficiency and fair income distribution.
3. It studies the social welfare across various sections of the society thus it indulges in microeconomic study.
4. E.g. Pareto efficiency is one of the theories of economic welfare that states that no individual can be better off without making other individual worse off.