ICSE Class 9 Answered
What is welfare? Describe briefly economic welfare and non- economic wefare
Asked by shaista89819 | 25 Feb, 2019, 06:59: PM
Expert Answer
Welfare is the well-being or satisfaction that is experienced by a person.
Human welfare is classified as economic welfare and non-economic welfare.
- Economic welfare is the part of total human welfare which can be measured in terms of money.
- Non-economic welfare is the one which cannot be measured in terms of money such as environment, law and order, and social relations.
Answered by Christina | 26 Feb, 2019, 09:34: AM
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