Social Sustainability
Wellbeing Economy
An economic model that prioritises human and ecological wellbeing as the purpose of the economy, rather than treating GDP growth as the primary objective.
Definition
A wellbeing economy is an economic approach in which prosperity is defined and measured by the wellbeing of people and the planet — health, equality, social connection and environmental sustainability — rather than output alone. It reframes policy goals, budgets and indicators around wellbeing outcomes.
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