welfare economics
noun
(The branch of) economics concerned with the effects of economic activity on the welfare of the individuals that compose society; specifically economic theory or practice aimed at improving the welfare of the individual.
- Theorists associated with this branch include Léon Walras, Vilfredo Pareto, and John Hicks..
Origin
1920s; earliest use found in The American Economic Review.
- housemistress
- house mite
- housemonger
- house moth
- housemother
- housemotherly
- house mouse
- house mover
- house moving
- house music
- house number
- House of Burgesses
- house of cards
- House of Commons
- house of correction
- house officer
- house of God
- house of ill fame
- house of ill repute
- House of Keys
- House of Lords
- house of reformation
- House of Representatives
- house organ
- houseowner