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One approach, called the engaged theory, outlined in the journal of Applied Research in the Quality of Life, posits four domains in assessing quality of life: ecology, economics, politics and culture. [6] In the domain of culture, for example, it includes the following subdomains of quality of life: Beliefs and ideas; Creativity and recreation
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]
In 2013, the Economist Intelligence Unit's Where-to-be-born Index, which takes into account material well-being as measured by GDP per capita, life expectancy, political stability, the quality of family life based on divorce rates, community life, crime and terrorism rates, gender equality, the quality of governance, climate, and unemployment ...
The Physical Quality of Life Index (PQLI) is an attempt to measure the quality of life or well-being of a country. The value is the average of three statistics: basic literacy rate , infant mortality, and life expectancy at age one, all equally weighted on a 1 to 100 scale.
The term quality of life is also used by politicians and economists to measure the livability of a given city or nation. Two widely known measures of livability are the Economist Intelligence Unit's Where-to-be-born Index and Mercer's Quality of Living Reports.
Articles relating to quality of life, defined by the World Health Organization as "an individual's perception of their position in life in the context of the culture and value systems in which they live and in relation to their goals, expectations, standards and concerns".
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.
The Life Quality Index (LQI) is a calibrated compound social indicator of human welfare that reflects the expected length of life and enhancement of the quality of life through access to income. The Life Quality Index combines two primary social indicators: the life expectancy at birth, L, and the real gross domestic product per person, G ...