Welfare economics. Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level.
Noun. 1. noun phrase-a phrase that can function as the subject or object of a verb. nominal, nominal phrase. phrase-an expression consisting of one or more words forming a grammatical constituent of a sentence.. (Grammar) grammar a constituent of a sentence that consists of a noun and any modifiers it may have a noun clause, or a word, such as a pronoun, that takes the place of a noun.
The word woman is a noun. The word woman is a noun. The definition of a noun is a part of speech that names a person, place, thing, action or quality. 1  An example of noun is a woman.2  An example of noun is the city Paris.3  An example of noun is a table. 4  An example of noun is the act of walking.5  An example of noun is the word perfection.bbr. n. noun. 1  The part of speech that is used to name a person, place, thing, quality, or action and can function as the subject or object of a verb, the object of a preposition, or an appositive. 2  Any of the words belonging to this part of speech, such as neighbor, window, happiness, or negotiation.