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Economic prerequisites of society's well-being

Author

Listed:
  • Cristina Balaceanu
  • Daniela Penu

    (Dimitrie Cantemir Christian University)

  • Iuliana Barbat

    (Ion Barbu Highschool)

Abstract

Economics is that social science that puts the focus of its individual actions and needs by reporting on constraints. These constraints make you unhappy, limit your socially maneuvering space by referring to resources. At the same time, limits can be pushed, overcome through knowledge and progress, access to these "inputs" being generated by the state of development of the economy. The effective management of inputs (conventional resources, unconventional resources, technology, progress) a certain level of development can be achieved that can lead to well-being. The paper highlights the relationship between the individual and society by referring to constraints generated by own and borrowed economic behaviors.

Suggested Citation

  • Cristina Balaceanu & Daniela Penu & Iuliana Barbat, 2017. "Economic prerequisites of society's well-being," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 6(2), pages 51-59, August.
    • Handle: RePEc:sdb:social:v:6:y:2017:i:2:p:51-59
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    More about this item

    Keywords

    Education system; sectoral policies; education sustainability; labor market sustainability;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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