Social Sciences, asked by jhuraniriya112, 6 months ago

what is the relationship between wealth and welfare in economics?

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Answered by Cutedoll07

Relation Between Wealth And Welfare

Welfare is the well-being or satisfaction enjoyed by the society which is actually determined to a great extent by the wealth of the nation. Wealth generally hikes up our level of welfare although both of them are two completely different concepts.

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what is the relationship between wealth and welfare in economics?​

Answers

what is the relationship between wealth and welfare in economics?