Concept information
Preferred term
relative welfare index
Definition
- In order to understand what a relative welfare index is one must first understand the definitions of an index and welfare index in this context. An index is a list of related data that together forms a dataset able to be used for the determination of averages, correlations, and other aspects of data analytics. [Source: The SAGE Encyclopedia of World Poverty; Relative Welfare Index]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/relative_welfare_index
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