Socio-economic Problems and Living Standards in Georgia

Abstract

Raising living standards means increasing incomes, reducing poverty, improving education, health and the environment. Improving the quality of life is achieved through sustainable economic development, which also results in: Maintaining macroeconomic balance, Reducing inflation, Maximizing satisfaction of human needs and in special situations: wars, epidemics, natural disasters that lead to unemployment and poverty, maximizing protection of people. The current acute economic and social background in our country forces us through in-depth analysis to set out the justified measures for raising the standard of living, which should be done through the well-designed socio-economic policies of the state, promotion of employment and implementation of correct demographic policies. Keywords: standard of living; inflation; economic efficiency; economic policy; economic growth.