UNDERSTANDING ECONOMICS IN THE CONTEXT OF PROSPERITY

A conventional understanding on the essence of economy entails any activity (production, consumption and exchange) involved in a monetized transaction. On the other hand, the term economy, in its conception with prosperity, is quite different. For one, the focus of economy in prosperity is not limited to material satisfaction, but also spiritual acquisition. More importantly, an economic character involves how people manage a balanced life, where their material and spiritual needs are better served