Well-being
Well-being or welfare is a general term for the condition of an individual or group, for example their social, economic, psychological, spiritual or medical state; high well-being means that, in some sense, the individual or group's experience is positive, while low well-being is associated with negative happenings.
In economics, the term is used for one or more quantitative measures intended to assess the quality of life of a group, for example, in the capabilities approach and the economics of happiness. Like the related cognate terms 'wealth' and 'welfare', economics sources may contrast the state with its opposite.[1] The study of well-being is divided in Subjective well-being and Objective well-being.
In alternative spirituality, the term is used to describe a state of serenity and inner happiness or hauora. While there are several departments of "Well-being" in academic institutes, the term generally has a more holistic and broad context.
Notes
- ^ • As in Journal of Economic Literature Health, education, and welfare JEL: I Subcategories at JEL: I3 - Welfare and Poverty.
• Adam Smith, 1776. The Wealth of Nations.
• Partha Dasgupta, 1993. An Inquiry into Well-Being and Destitution. Description and review.
• David S. Landes, 1998. The Wealth and Poverty of Nations. Review.
• Paul Streeten, 1999. "Henry J. Bruton, On the Search for Well Being, and Yujiro Hayami, Development Economics: From the Poverty to the Wealth of Nations," Economic Development and Cultural Change," 48(1), pp. 209-214.
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