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Distinguish between economic and non economic …

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Distinguish between economic and non economic welfare with eg?

    • Posted by Ashmita Verma 2 years, 9 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Sia ? 2 years, 9 months ago

    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.

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