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Like the European Union, the Slovak Republic is also experiencing rapid aging of population, which is caused mainly by an increase in the expected life expectancy combined with a low birth rate. In general, the negative impacts of population aging on public finances of the state are analysed. Less attention is paid to the impact of aging on national economy in terms of volume changes and the structure of supply and demand for products and services. The concept of silver economy can be defined as the potential repr...

The quality of live is an interesting and important social topic but to measure the life quality is currently a complicated issue. Gross domestic product (GDP) per capita is a measure of a countryВ’s economic output that accounts for population. It tells you how prosperous a country feels to each of its citizens. However, it is not a complete measure of economic welfare. The Human development index (HDI) was created with a goal to emphasize that not only economic growth but also people and their abilities could be...