The Macroeconomic Impact on Romanians' Quality of Life

Abstract

A country’s economy is the main mechanism that requires increased attention, as, based on this machinery, all processes within the respective country function, including trade, production, sales, consumption, technological and educational progress, and it determines whether the respective country is going through a growth period or is in decline. Moreover, the economy dictates the quality of citizens’ life for entire generations, which is why we have to study and understand it per se, especially since we bear scars from events that also occurred for economic reasons, such as wars, financial crises, real estate crises, aggressive inflationary phenomena. In this paper we intend to explain the economic mechanism. The operating principles and its effects over time, respectively its impact on the quality of life and the methods of protection.

Keywords

• gdp
• employment
• trade
• quality of life