Economic prerequisites of society's well-being

Cristina Balaceanu (), Daniela Penu () and Iuliana Barbat
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Daniela Penu: Dimitrie Cantemir Christian University
Iuliana Barbat: Ion Barbu Highschool

Social-Economic Debates, 2017, vol. 6, issue 2, 51-59

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.

Keywords: Education system; sectoral policies; education sustainability; labor market sustainability (search for similar items in EconPapers)
JEL-codes: A13 (search for similar items in EconPapers)
Date: 2017
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