Social and Economic Components of Well-being

Abstract

The article examines the relationship between economic development and social components of human well-being. The definitions of basic concepts that describe the position of the person in the economic environment are given. The authors examine the different components of well-being, both objective and subjective, based on the personal perception of a person. Economic growth on the one hand and social policy on the other should contribute to improving the living standards of the population. A man should feel comfortable and safe in the economic environment not only due to the social support of the state. It is very important to have a sense of self-realization for a man, self-worth, which he can attain with close people in a family.

The Subjective Well-being Evaluation of Seniors using Questionnaires

“…The well-being is a human condition or the objective situation when a person has everything that characterizes his life favorably in the eyes of his family and himself. This state of human comfort includes not only financial security but also happiness in love and family life (Kozlova, & Polonskaya, 2016;Gasanov et al, 2016).…”