Quality of life is a synthetic concept gathering various aspects and dimensions of social life. In contemporary approaches, quality of life is described and evaluated by means of two categories of indicators. Firstly, the indicators that look at the objective living conditions, material resources, quality of the environment and housing quality, earnings, income and income inequality, access to utilities and contemporary life infrastructure (including Internet connectivity). The second group of indicators refers to “subjective well-being”, the perceptions, representations and assessments of these objective living conditions, people’s subjective well-being, measured by means of life satisfaction and happiness, taking into consideration the relationship between expectations and real living conditions. [read more]
Consequently, this subfield comprises indicators that refer to both objective conditions, and people’s perception of their well-being. Many indicators that describe the quality of life have been approached in other sections of the aggregator (for instance, GDP/capita represents a relevant instrument for evaluating wealth). Let us mention that the UN has established 20 March as the International Day of Happiness, on which occasion it publishes an annual World Happiness Report (based exclusively on measuring subjective well-being).
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