The Relationship between Economics and Social Welfare: A Study of the Impact of the Economic Crisis on Society

Abstract

Economic crises often have a significant impact on people's social well-being, especially in the context of declining incomes, increasing unemployment, and economic instability. This research aims to explore the relationship between economic conditions and social welfare by focusing on the impact of the economic crisis on people's lives. Through a qualitative approach with a literature study method, this study analyzes various secondary data sources, including research reports, journal articles, and policy documents related to economic crises and social welfare. The results of the study show that the economic crisis contributes to the decline in social welfare by increasing inequality, decreasing the quality of life, and affecting people's mental health. The findings also reveal that appropriate policy responses and effective social protection programs can mitigate the negative impact of the economic crisis on social welfare. Thus, this study emphasizes the importance of coordinated policy interventions to strengthen community social resilience in the face of economic crises.