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.