Many people reading this may well be surprised to see Superman so low on this list. The Man of Steel may well be one of the most powerful heroes in the world, or even the universe. However, compared to the beings that inhabit the edges of the DC universe, Superman doesnât even come close. Probably the most famous superhero there is, everyone is aware of Supermanâs story and powers, as his tale has been told many times.
Also found in: Dictionary, Thesaurus, Financial, Wikipedia. General Welfare. The concern of the government for the health, peace, morality, and safety of its citizens. Providing for the welfare of the general public is a basic goal of government.
The welfare definition of economics is an attempt by Alfred Marshall, a pioneer neoclassical economist, to redefine his field of study. This definition expands the field of economic science to a larger study of humanity. Specifically, Marshall's view is that economics studies all the actions that people take in order to achieve economic welfare. In the words of Marshall, man earns money to get material welfare. This is why economists since Marshall have described his definition as the welfare definition of economics. This definition enlarged the scope of economic science by emphasizing the study of wealth and humanity together, rather than wealth alone.