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Quality of life as a central goal of economic development: Exploring the concept and review of Serbia

Within the concept of quality of life, people's satisfaction with their own lives and their happiness are studied, as well as the influence of the environment on them. However, while the original research concerned the possibility of achieving individual goals and choosing an ideal lifestyle, in recent research this approach has been supplemented by available financial and material resources and living environment. Having in mind the above, the paper analyzes the quality of life in the Republic of Serbia in comparison with the countries of the European Union. The information base of the survey is based on the latest published Eurostat data. The aim of this paper is to identify key problems and make recommendations for improving the quality of life in the Republic of Serbia in the coming period. Research findings show that Serbia, despite high rates of economic growth, lags significantly behind in terms of quality of life compared to EU countries, especially in the segment of material living standards and overall life satisfaction. As scientific methods, a descriptive method was used to describe the problems, data and characteristics of the observed phenomena and processes, as well as a generalization method for making general conclusions.