Jisho

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こうせいけいざいがく 厚生経済学
Noun
1. welfare economics
Wikipedia definition
2. Welfare economicsWelfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium within an economy as to economic efficiency and the resulting income distribution associated with it. It analyzes social welfare, however measured, in terms of economic activities of the individuals that compose the theoretical society considered.
Read “Welfare economics” on English Wikipedia
Read “厚生経済学” on Japanese Wikipedia
Read “Welfare economics” on DBpedia

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