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Traditional welfare economics is a branch of economic thought that primarily focuses on evaluating economic policies and resource allocations based on their impact on social welfare. In the context of social work and social development, it provides a framework to understand how economic decisions affect human well-being and societal equity. The central concern of traditional welfare economics is efficiency and the optimal distribution of resources, emphasizing that an economy should be arranged to __________ ______ __________ ________ _______ _____ ________ ______ ____ _____ _________.
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