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English definition of “welfare”

welfare

noun [U]     /ˈwelfeər/
the general state of health or degree of success of a person , business , country , etc.: Their GDP figures look good, but perhaps at a cost to their overall economic welfare. We are a progressive employer concerned with employee welfare.
ECONOMICS help given, especially by the state or another organization , to people who need it, especially because they are poor : welfare services / programs / workers Some people fear the euro will weaken their welfare system .
US (UK social security) ECONOMICS a system of payments by the government to people who are ill , poor , or have no job : on welfare She is a single parent on welfare.
(Definition of welfare noun from the Cambridge Business English Dictionary © Cambridge University Press)
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