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welfare vs welfare economy

Both phrases are correct, but they have different meanings and contexts. 'Welfare' refers to the well-being of individuals or a social system that provides assistance to those in need. 'Welfare economy' refers to an economic system that focuses on the well-being of its citizens through social programs and policies.

Last updated: March 29, 2024 • 696 views

welfare

The term 'welfare' refers to the health, happiness, and prosperity of individuals or a social system that provides assistance to those in need.

It is commonly used to describe social welfare programs, financial aid, and support for those in need.

Examples:

  • The government provides welfare benefits to low-income families.
  • Animal welfare organizations work to protect the well-being of animals.
  • She is dedicated to improving the welfare of children in underprivileged communities.
  • The welfare of the employees is a top priority for the company.
  • The welfare of the nation depends on the well-being of its citizens.
  • Sustainability is a prerequisite, whereas welfare is a target variable.
  • We also want high welfare standards.
  • Your re-electlon is ensured since you can lower taxes and safoguard welfare.
  • Clinton then worked with Republicans to balance the budget and reform welfare, easily winning re-election in 1996.
  • Increase consumer welfare through greater empowerment and effective protection.
  • And actually caring about the welfare of your opponent.
  • Rabb knows that national security has to come before the welfare of any individual.
  • This man bears great responsibility for the future welfare of this parish, Mr Treves.
  • Your father is very concerned for your welfare.
  • Environmental enrichment is also an important factor for the welfare of the animals.
  • I'll say it's because I'm concerned about Mario's welfare.
  • The Commission proposal aims to achieve significant improvement in the welfare of transported animals.
  • The current legislation is more than sufficient to safeguard the welfare of animals during transport.
  • We all want to see the welfare of animals being transported long distances protected.
  • The welfare of our animals deserves regulation that is based on best scientific practice.
  • Our policy is geared clearly and unequivocally to the welfare of the child.
  • It's my job to look after the welfare of our citizens.
  • The Commission will closely follow the implementation of these recommendations, which provide for significant welfare improvements.
  • Price stability contributes to economic welfare and growth by eliminating inflation-related distortions.
  • Conventional national accounts have only partly taken account of these functions, focusing on market transactions and indicators that reflect important factors in welfare generation, but have not measure d welfare itself.

Alternatives:

  • well-being
  • social welfare
  • financial aid
  • support for those in need
  • assistance programs

welfare economy

The term 'welfare economy' refers to an economic system that prioritizes the well-being of its citizens through social programs and policies.

It is used to describe an economic model that focuses on social welfare, public services, and support for vulnerable populations.
  • The paradigm of the new welfare economy, whereby the pursuit of individual wellbeing is the key to collective welfare, which is the sum of its parts, is apparent in all its inadequacy.
  • Supports action to strengthen the "third sector" in the social and welfare economy as a source of new appropriate and socially protected jobs, e.g. in the areas of social, ecological and cultural services;
  • Subsidies, welfare and economy', prepared at the request of the Commission
  • We need to safeguard farmers' welfare and strengthen local economies.
  • Instead, they will have a political mandate to attend meaningfully to the welfare of the global economy.
  • I am convinced that Europe will change will grow more powerful in its economy, welfare and mutual cooperation.
  • Promoting innovation is of vital importance for the economies and welfare of all EU regions, especially of the less developed ones.
  • Does the Commission agree with the PVV that a 43 % price rise is unacceptable in view of the adverse effects on purchasing power, individual welfare and the economy in general?
  • He had helped shape Britain's post-war institutions, its welfare state, its economy, but had sort of reinvented himself as a social entrepreneur, became an inventor of many, many different organizations.
  • The Committee shares the concern of the Commission re the vulnerability of Europe to large-scale cyber-attacks technical failures, man-made attacks and natural disasters, and the enormous damage that could be done to the economy and welfare of its citizens.
  • A good economy is a prerequisite for welfare.
  • The new treaty should enable Europe to become "a beacon of progress and welfare", partly by opening up and modernizing its economies.
  • The new treaty should enable Europe to become "a beacon of progress and welfare", partly by opening up and modernizing its economies.
  • Payments must be subject to mandatory cross-compliance with the environment, rural economy, and animal welfare Directives.
  • Whether one considered the Dutch welfare state humane and generous, or bloated and foolhardy, its largesse took a heavy toll on the economy.
  • We have been witnessing for some time now in Europe a declining population, with the dramatic consequences this entails for our economies and social welfare systems.
  • I think animal welfare is a priority which has a huge influence on public health and the European economy.
  • Economic security - what we call welfare - has a lot to do with employment and the development of sound and competitive national and European economies.
  • The digital economy - and more specifically e-commerce - has great potential to improve consumer welfare by making a greater range of products available, boosting price competition and developing new markets.
  • Globalisation - normally a positive force that increases global welfare - can, unfortunately, wreak huge havoc on regional economies when large companies move location.

Alternatives:

  • social welfare economy
  • well-being-focused economy
  • citizen-centric economy
  • socially responsible economy
  • human-centered economy

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