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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.
In a 1955 speech, John Bugas, a vice president of the Ford Motor Company, [4] coined the term "consumerism" as a substitute for "capitalism" and better describe the American economy: [5] The term consumerism would pin the tag where it actually belongs – on Mr. Consumer, the real boss and beneficiary of the American system.
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 ...
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.
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]
Economic growth is often seen as essential for economic prosperity, and indeed is one of the factors that is used as a measure of prosperity. The Rocky Mountain Institute, among others, has put forth an alternative point of view, that prosperity does not require growth, claiming instead that many of the problems facing communities are actually a result of growth, and that sustainable ...
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
For example, money or power may be said to be a means to the end of happiness. Nevertheless, some objects may be ends and means at the same time. End is roughly similar, and often used as a synonym, for the following concepts: Purpose or aim: in its most general sense the anticipated result that guides action.