Wellbeing: multidimensional view of life
In worldwide societies, Wellbeing has been a central term for measuring human prosperity and sustainable development. Amartya Sen, who won the 1998 Nobel Prize in Economics for his work on welfare economics, paved the way for the development of holistic welfare standards in the early 1980s. With his theoretical concept, he shifted the focus of peoples wellbeing from largely economic-driven theories of wealth to more social development and progress.