Welfare (economics)/Definition

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< Welfare (economics)
Revision as of 02:48, 26 February 2010 by imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> A concept used in economics to denote the degree to which a group of individuals experience pleasure or satisfaction, each in his, or her, own estimatio...)
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Welfare (economics) [r]: A concept used in economics to denote the degree to which a group of individuals experience pleasure or satisfaction, each in his, or her, own estimation.