Distinguish between social wealth and social welfare. Give two examples in each.

Answer

Social wealth refers to the physical assets or stock of goods owned by the public or society or local authority, e.g. schools, roads, public hospitals, and public libraries.

Social welfare refers to the general wellbeing of people represented by the quality and quantity of social services available to them, e.g. level of education attained, health conditions, leisure, employment and political stability.