What is the meaning of New Welfare oriented Approach?

1.	What is the meaning of New Welfare oriented Approach?
Answer» New Welfare oriented Approach: 1. During 1970s, economic development was redefined in terms of reduction of poverty, ‘inequality’ and unemployment within the context of a growing economy. 2. In this phase, ‘Redistribution with Growth’ became the popular slogan.

Answer»

New Welfare oriented Approach:

1. During 1970s, economic development was redefined in terms of reduction of poverty, ‘inequality’ and unemployment within the context of a growing economy.

2. In this phase, ‘Redistribution with Growth’ became the popular slogan.

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What is the meaning of New Welfare oriented Approach?

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