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Fikret č aušević is a professor of economics and finance at the Faculty of Economics and Business, Sarajevo University, Bosnia-Herzegovina.

This detailed and in-depth article is beneficial as it explores The relationship between living standard and economic activity.

The information provided in this article is reliable as it is published by a professional corporate finance institution.

This artice demonstrates the impact of business on social welfare and living standards by listing nine aspects.

By collecting official economic data and interviews, the author analyzes the factors of the decline in living standard and the countermeasures.