What is another word for welfare economics?
Pronunciation: [wˈɛlfe͡əɹ ˌiːkənˈɒmɪks] (IPA) 
Welfare economics is a branch of economics that studies how to improve the well-being of people in a society. Synonyms for welfare economics include social welfare, public welfare, and social economic policy. The goal of this field is to create policies and systems that provide a better standard of living for all members of a society, with an emphasis on those who are disadvantaged or in need. Other related terms include distributive justice, social justice, and equity. These concepts are fundamental in the development of economic systems that are sustainable, just, and equitable, and which support the well-being of all people in a society regardless of their social or economic status.
