welfare economics

noun

Definition of welfare economics 

: a branch of economics dealing with human welfare, the defining of wealth, and the establishment of guides for social policy aiming at the maximization of total individual utilities

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

First Known Use of welfare economics

1920, in the meaning defined above

Keep scrolling for more

Learn More about welfare economics

Share welfare economics

Statistics for welfare economics

Look-up Popularity

Time Traveler for welfare economics

The first known use of welfare economics was in 1920

See more words from the same year

Comments on welfare economics

What made you want to look up welfare economics? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

playful or foolish behavior

Get Word of the Day daily email!

Test Your Vocabulary

Autumn Words of the Day 2018

  • a-top-down-image-of-road-through-an-autumn-forest
  • Which is a synonym of fugacious?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Word Winder's CrossWinder

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!