Tag: welfare

DefinitionThe economics of happiness or happiness economics is the quantitative and theoretical study of happiness, positive and negative affect, well-being, quality of life, life...

DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that...

What is 'National Welfare Fund (Russia)' One of two parts of the Russian sovereign wealth fund, the other being the Reserve Fund....

What is 'Rate Of Adoption' The number of members of a society who start using a new technology or innovation during a...

What is Pareto Improvement Pareto Improvement is defined as a change to a situation which results in one person becoming better off without anyone else...

DefinitionA pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension Fund...

What is 'Parasitic Advertising' A type of marketing that promotes one product at the cost of lost sales for another product. Parasitic...

Waiver Of Restoration Premium What is 'Waiver Of Restoration Premium ' A clause in an insurance policy that says that the...

What is the Genuine Progress Indicator (GPI)? The Genuine Progress Indicator (GPI) is a metric that was developed in the 1990s as an alternative to...

DefinitionIn economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting...