what is corporate welfare definition
For the purposes of this study, âcorporate welfareâ is defined as any federal spending program that provides payments or unique benefits and advantages to specific companies or industries. Supporters of corporate welfare programs often justify them as remedying some sort of market failure.
A general welfare clause is a section that appeared in many constitutions, as well as in some charters and statutes, which provides that the governing body empowered by the document may enact laws to promote the general welfare of the people, sometimes worded as the public welfare.