Well-Being Economics

Well-Being Economics focuses on improving people’s overall quality of life rather than just increasing wealth or income. It considers factors like health, education, community, environment, and mental health to assess true societal progress. This approach emphasizes how policies impact individuals’ happiness and life satisfaction, aiming for sustainable and equitable development. Instead of focusing solely on economic growth, Well-Being Economics seeks to create conditions that enable people to live healthier, more fulfilling lives, emphasizing holistic well-being as the ultimate goal of economic and social policy.