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प्रश्न
Define welfare economics.
State any definition of welfare economics.
What is welfare definition of economics?
व्याख्या
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उत्तर १
According to Oscar Lange, “Welfare economics is concerned with the conditions which determine the total economic welfare of a community.”
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उत्तर २
According to Pareto, the total economic welfare is the sum of individual’s welfare as that part of general welfare which “can be brought directly or indirectly into relation with the measuring rod of money.”
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उत्तर ३
According to Marshall, “Economics is a study of mankind in ordinary business of life, it deals with all human activities connected with acquisition and use of wealth.”
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