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The terms quality of life, good life, welfare, prudential value, personal good, and individual utility are often used as synonyms of well-being. [10] Similarly, the words pleasure , life satisfaction, and happiness are employed in overlapping ways with well-being , although their precise meanings differ in technical contexts like philosophy and ...
Using this definition, the World Bank works towards improving quality of life through the stated goal of lowering poverty and helping people afford a better quality of life. Other organizations, however, may also work towards improved global quality of life using a slightly different definition and substantially different methods.
According to J.P. Morgan Chase and Co. and the nonprofit advocacy group Consumer Action, a reasonable money-life balance considers the positive emotional benefits that go along with behaving ...
Life satisfaction is an evaluation of a person's quality of life. [1] It is assessed in terms of mood, relationship satisfaction, achieved goals, self-concepts, and the self-perceived ability to cope with life. Life satisfaction involves a favorable attitude towards life—rather than an
The economics of happiness or happiness economics is the theoretical, qualitative and quantitative study of happiness and quality of life, including positive and negative affects, well-being, [1] life satisfaction and related concepts – typically tying economics more closely than usual with other social sciences, like sociology and psychology, as well as physical health.
Standard of living is the level of income, comforts and services available to an individual, community or society.A contributing factor to an individual's quality of life, standard of living is generally concerned with objective metrics outside an individual's personal control, such as economic, societal, political, and environmental matters. [1]
Social quality looks at elements that should constitute a good or decent society. It contributes to the body of work concerned with understanding social progress going beyond GDP , taking into account the work of the Organisation for Economic Co-operation and Development and the European Foundation for the Improvement of Living and Working ...
The ancient Greek philosophers Plato and Aristotle debated economic equality. Painting by Raffaello Sanzio (1509). According to professor of politics Ed Rooksby, the concept of equality of outcome is an important one in disputes between different political positions, since equality has overall been seen as positive and an important concept that is "deeply embedded in the fabric of modern ...