The British philosopher David Hume said: “The great aim of all human enterprise is to achieve happiness. » Happiness is the ultimate goal in life and almost everyone wants to be happy. Happiness is a psychological state of mind that results in feelings of pleasure. Happiness is after all a state of mind. Happiness can be achieved through the following measures, including: psychological well-being, educational system, standard of living, government governance and policy, social position, and well-being of the ecological environment (Mankiw et Taylor, 2011, p. Economic wealth is the net worth of businesses, households or nations, which is the value of all assets owned, net of all liabilities owed in a given period (Anderton, 2008, p. 203). It is clear that economic wealth and happiness are both important. This essay will examine whether economic wealth affects happiness. This article will conclude that increasing economic wealth is not correlated with happiness. Many factors influence happiness and how to improve it. The essay will begin by discussing the relationship between economic wealth and standard of living. According to Mankiw and Taylor (2011), the quality of life in countries with high economic wealth could improve. Economic wealth can be measured by materials, goods, services and GDP (gross domestic product), which is the market value of all final goods and services produced in a country Economist (2010). As Anderton (2008, p. 203) observes, the high rate of money available will likely lead to better guarantees of health care, advanced educational systems and the material necessities of life, thereby improving the standard of life. A country whose economic wealth increases probably has a stabilized living environment. Economic rise...... middle of paper ......ch, the poor and Bulgaria. [Internet] Available at: http://www.economist.com/debate/days/view/501. [Accessed April 14, 2012]. Hall, D., Jones, R., Raffo, C. and Anderton, A. (2008) Business Studies, 4th edition Harlow, Pearson, Education. Mankiw, G., Taylor, P., M. (2011) Economics 2nd edition, Cengage Learning, Andover. Marks, N. (2010) The Happy Planet Index. . [Internet] Available at: http://www.ted.com/talks/nic_marks_the_happy_planet_index.html. [Accessed April 5, 2012]. Oswald, A. (1999) A non-technical introduction to the economics of happiness [Internet] Available at: www.warwick.ac.uk/fac/soc/ecnmics/staff/academic/oswald/introduction.pdf. [Accessed April 9, 2012].Science Daily (2010) In the long term, money does not buy happiness. [Internet] Available at: http://www.sciencedaily.com/releases/2010/12/101213151407.htm [Accessed April 14 2012].