Abstract

Nowadays, when the world economies are not yet completely released from the destructive effects of the last global financial crisis and still are feeling intensely the shocks caused by daily economic events, the dilemma arises whether humanity as a whole has a satisfactory quality of life, or whether it lives within dignified human existence. This dilemma is particularly present in small emerging economies, with a special focus on transitional economies, which are still at the beginning of a bumpy road to economic development and prosperity.In recent years, the issue of quality of life has become quite an interesting topic and has been the subject of research in the fields of economics, psychology, clinical medicine, health care, philosophy and sociological sciences. Understanding and evaluating this concept has gone through a long period of evolution. Over the years, the term of quality of life, standard of living, and welfare have been perceived as identical terms, even today their connection is so strong that it is almost impossible to talk about one term without mentioning the others.The question of the quality of human life is an inexhaustible source, so, that is, the inspiration of numerous scientists from all fields of science, with a particular emphasis on economists. To perceive or measure the quality of human life is a complex problem that can never be completely exhausted or clarified with certainty. This is due to the fact that the term "quality of life" itself has a multidimensional character and it is extremely difficult to find all the indicators that would explain this concept and determine its true value.Therefore, the goal of this paper is to analyze certain economic indicators that will enable us to make an adequate assessment, or measure the quality of life. The main emphasis of the paper is on the evaluation of relevant indicators of quality of life in North Macedonia and based on comparative analysis has been concluded that our country is positioned on the lower margins of dignified and quality life. Because of this situation, certain measures have been taken, in order to identify the most important strategic priorities of our country. The realization of these strategic priorities and the appropriate allocation of budget funds will ensure higher growth rates of the Macedonian economy in the coming period, with simultaneous improving of the quality of life and living standard of the population.

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