Welfare Economics

Welfare Economics: Is a branch of economics that uses microeconomic techniques to evaluate well-being at the aggregate level. Attempting to apply the principles of welfare economics gives rise to the field of public economics, the study of how government might intervene to improve social welfare. This looks at how governments intervene where there has been a market failure and how negative externalities can be mitigated or avoided. We want to help to shape and influence the interventions that are made to make a real difference.

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