SUBJECTIVE ECONOMIC WELL-BEING OF RURAL POPULATION: A LITERATURE REVIEW

Abstract

Global challenges, historical circumstances, political problems, or even crises have not stopped individuals from striving to ensure the security of their families, obtain the best material opportunities, and form a community, thus creating physical security.

In order to survive and create the best possible conditions, people developed their abilities, made friends and created friendships, and sought to become part of the community; this satisfied their well-being with the intention of achieving well-being and, with time, even to this day, they strive for it‘s to analyse, and present the concepts of various authors about the subjective economic well-being of rural residents. The study was based on various foreign and Lithuanian authors. Analysing the concepts of various authors, it was established that the concept is an integral part of every person's life. Subjective economic well-being is a very important process that can help the organisation this more easily understanding an employee's values and aspirations, achieving maximum usefulness. Personally determined priorities allow each participant in the surveys to include and assess the importance of certain aspects of economic well- being.