Economic well-being refers to the financial health and stability of individuals, families, or communities. It encompasses factors such as income, employment, and access to essential services like healthcare and education. A higher level of economic well-being typically means that people can afford basic needs and enjoy a better quality of life. Measuring economic well-being often involves looking at indicators like Gross Domestic Product (GDP), unemployment rates, and income distribution. These metrics help assess how well an economy supports its citizens and can guide policymakers in making decisions to improve overall living standards.