բարեկեցիկ

բարեկեցիկ

Americans use welfare as shorthand for government handouts to the poor. Economists use it to describe the well being of an individual or society, as in “Are tax cuts welfare-enhancing?”. This is economist-speak for “Will tax cuts improve the overall well being of the country?” (See utility. )

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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