Welfare may refer to: Philosophy. Well-being (happiness, prosperity, or flourishing) of a person or group. Utility in utilitarianism. Value in value theory. Economics. Utility, a general term for individual well-being in economics and decision theory. Decision utilities, utilities as revealed by human behavior under the assumption of rationality. Economic surplus, the total economic benefit or gains from trade provided for society. Social welfare function, a function that aggregates individual welfares to create an overall social welfare.
https://en.wikipedia.org/wiki/Welfare