write the main features of welfare definition of economics
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The primary importance and greater emphasis is on human welfare. The money and wealth are simply the means for human welfare. (v) Use of money: This definition considers material or economic welfare as a part of social welfare which can be easily measured with the measuring rod of money
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The primary importance and greater emphasis is on human welfare The money and wealth and simply the means for human welfare use of money This definition considers material and economic welfare as a part of social welfare which can be easily measured with the measuring rod of money
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