Welfare can be interpreted in one way in a person’s everyday life perspective,
and another when looking at it at the societal macro level. “Welfare” has
also seemingly a different connotation depending on whether one understands
it from a mainly economic or mainly sociological perspective and this is the
reason for the sub-sections later, which are then merged into an attempt to define
welfare. The examples given below of the interpretation of the concept are
a clear indication of the variety of understandings of “welfare”.