economic well-being

Economic well-being refers to the overall financial health and quality of life of individuals and communities. It encompasses factors such as income, employment, access to basic services (like healthcare and education), and the ability to meet basic needs. Higher economic well-being often means people can afford a comfortable standard of living, have stable jobs, enjoy financial security, and access opportunities for advancement. It reflects not just wealth, but also the distribution of resources and opportunities, ensuring that all individuals can participate fully in society and improve their lives.