English version

welfare economics

From Longman Business Dictionarywelfare economicsˈwelfare ecoˌnomics [uncountable]ECONOMICS the part of economics that deals with how a country’s economy should be managed to increase the wealth and standard of living of people in the countryIn welfare economics the existence of market failure is sufficient reason for government intervention. economics
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.
Word of the day luck out to be lucky