Welfare – a clue regarding the quality of life of people (c. Quality of life). The problem of well-being is associated with one goal of the economic science – the economy of well-being. The focus of the attention of this scientific discipline is the well-being of the individual. The sum of the well-being of all individuals in society gives the so-called. Social well-being. The welfare economy, in essence, is reduced to two concepts: 1) the concept of economic efficiency; and 2) the concept of distribution of income. The concept of economic efficiency is basically distinguished by positivistic approach and refers to the “size of the pie”, while the concept of the distribution of income is basically distinguished by a normativistic approach and refers to the “distribution of the pie”. In order to separate the concepts of economic efficiency and distribution of income, economists use the so-called. Pareto efficiency, according to which distribution is the pareto efficient if no redistribution does not lead to improvement of the situation of each person, without worsening the situation of others. In the Republic of Macedonia, the level of well-being is most commonly measured through the index of human development, as well as with the income (monetary) standards of poverty, such as the main summary index and index of the depth of poverty. According to the Human Development Index, Macedonia is located in the group of countries with an intermediate level of well-being (see human development), while the diligent standards of poverty show the existence of large disparities in the quality of life of people (c. Poverty). Lit.: D. Begch ET al. (2000): Economic, Sajth Editon, McGon-Hill, 257-277. D. E.
Original article in Macedonian language Cyrillic alphabet
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