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Mar 22, 2013, 07:10 AM
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Group: Members Posts: 4 Joined: February 27, 2013 Member No.: 20,927 |
Mar 22, 2013, 07:10 AM
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Welfare economics is a normative branch of economics that uses microeconomic techniques to simultaneously determine the allocative efficiency within an economy and the income distribution associated with it. It attempts to measure social welfare by examining the economic activities of the individuals that comprise society.
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