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INTRODUCTION The global economy is almost five times the size it was fifty years ago. At the individual level, higher income will increase wellbeing or lead to prosperity, according to this view. Prosperity means a higher salary, a big house in a posh locality, an expensive and a latest model car, and holidays in exotic places. What is apparent today is prosperity is understood in economic terms with continual rise in national and global economic output, with a corresponding increase in peoples income. This economic ideology has assumed the status of a modern state religion. Prosperity, however, is not synonymous with wealth or income. Greater prosperity is not the same as economic growth or rise in income. To prosper (from Latin word prosperus) means to flourish, to enjoy vigorous and healthy growth. Prosperity means to flourish physically, psychologically, socially and spiritually. It does not mean to succeed in material terms or to be successful financially. Although wealth is an element in prosperity, material wealth does not necessarily indicate a happy and fulfilled life, and emotional and spiritual wellbeing. Most of the time the expensive material things we surround ourselves with convey a void in life and a craving for acceptance, recognition and identity the basic human needs. One may have all the money, yet live with the nagging feeling of emptiness, restlessness and even boredom. A void that can not be filled with wealth and material things.

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What is Prosperity? Prosperity is the state of flourishing, thriving, good fortune and or successful social status. Prosperity often encompasses wealth but also includes others factors which are independent of wealth to varying degrees, such as happiness and health. Prosperity is the state of being prosperous; advance or gain in anything good or desirable; successful progress in any business or enterprise; attainment of the object desired; good fortune; success; as, commercial prosperity; national prosperity. The root of the word prosperity dates back to the early 13th century from the Old French prosperite and from Latin prosperitatem meaning good fortune. Websters dictionary describes it as the condition of being successful or thriving especially economic wellbeing. It defines the verb to prosper as to succeed in an enterprise or activity, especially to achieve economic success and to become strong and flourishing. Generic meaning of prosperityThe literal translation has two separate meanings. The first means being successful. This means having good fortune in one or all of the areas of your life. The other definition of prosperity means success in a more general concept. To find a definition of prosperity we will first look at what the standard dictionary definition say. Then we will begin the journey to each having our own personal definition. These are some of the basic dictionary phrases used to define prosperity: 1) Financial well-being 2) Affluence 3) The condition of being successful 4) Good fortune 5) Prosperous circumstances

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6) Having wealth 7) The condition of being prosperous The dictionary phrases for prosperous are: 1) Having financial success 2) Flourishing 3) To be fortunate 4) Thriving 5) Advancing in the pursuit of anything desirable 6) Conducive to success Starting with this richness of words we will create a more vivid definition of prosperity. The more vivid a definition of prosperity you can hold in your head, the easier it will be to build the prosperity that you seek. The first thing most people think of when considering the concept of prosperity is money. A lot of money with which to fulfill their dreams and passions. Prosperity is considered to be having enough money to live a good life without scarcity. unemployment. The word prosperity is often used by economists to That doesnt sound too much like today but you can still describe a period of time of a rapidly growing economy with low learn to create personal prosperity. Many people believe that prosperity also has a health component. In fact it is very difficult to separate the concept of good health from personal prosperity. A third prosperity gauge is having peace of mind. Low stress and a happy life is usually the goal that people have in mind when they are thinking about having wealth. I personally believe that the true definition of prosperity includes money, health and state of mind. All around well-being.

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If we possess good health and peace of mind, you dont usually worry so much about money. Having money can help with peace of mind. When all the bills are paid and you have extra funds for fun and savings, there is less stress. Less stress helps lead to a long and happy life. PROSPERITY OF AN INDIVIDUAL Prosperity of individuals has mostly 2 concept i.e. 1) The Utilitarian Perspective Much of modern welfare economics is oriented towards the utilitarian view of prosperity, a view that has dominated the foundation of neoclassical economic theory and debates of moral philosophy. In its most basic structure, utilitarianism views an individual as the seat of utility, satisfaction, pleasure, happiness, or desire fulfillment. An action is taken (whether consuming a particular good, contributing to charity, voting for a candidate, or deciding whether to have children, and if so, how many) if it increases happiness, satisfaction, and, in one word, utility. In essence, utility becomes the metric of our desire fulfillment, the common denominator of all our wants. The utilitarian perspective identifies desire fulfillment with prosperity. The utilitarian perspective seems to be very persuasive in defining the prosperity of humankind. After all, how could any state of affairs be considered prosperous, if the members of such a state are not happy or do not have their desires fulfilled in utilitarian sense? Utilitarianism can not provide a consistent and coherent basis for prosperity. Individuals may prefer a certain amount of pain and misery in achieving a higher goal, something of value that goes above and beyond immediate pleasures and desires. Examples abound of personal sufferings for the achievement of a higher objective: the sleepless student struggling to pass a critical exam; the researcher, the artist, the athlete, all foregoing short-term pleasure and comfort to achieve a long-term goal. One can maximize one's overall utility

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by enduring some inutility in the short run in exchange for global prosperity in the long run. Utilitarianism does not offer a mechanism whereby we can differentiate between the set of actions that leads to prosperity and that which does not. If we observe peace, it is because it increases social welfare. If we wage wars, that too is perhaps because the warring parties get more utility out of war to maintain national security than from either negotiation or surrender to opposition. In this scenario, potentially any action is justifiable on the grounds that it increases the utility of the involved parties. 2) Bahai Concept of Prosperity The starting point of a vision of global prosperity must include in its core the concept of unity. The concept of unity can be viewed as the basic building block of existence where, for anything to exist, certain elements must combine in certain necessary proportions to form the item of existence. The state of "being" is dependent upon this concept of unity: on the one hand, in order to "be," diverse elements need to unite in specific degrees of proportionality. The state of "well being" on the other hand, is more than just "being". It requires the same constituents of "being" with the addition of the condition of stability. Thus, an item of existence may hardly be considered in the state of well-being if its "being" lacks any permanence or stability. Unity embodies the dual condition of "being" and "stability". Wellbeing requires not only the satisfaction of basic needs but also certain environmental and internal conditions that endow life with relative permanence and that render it sustainable and stable. These environmental conditions include, among other things, the degree to which individuals can participate in the determination of their own destiny, their access to knowledge, their adoption of ideals, and enjoyment of freedom to pursue these ideals. The internal conditions include, the willingness of individual entities to adopt and pursue the ideals and actively participate in the promotion , maintenance, and stability of the ideal system. These conditions

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are termed EDUCATION. These conditions can be summarized as " the necessary relationships that proceed from the realities of things" . Specifically, the nature and the quality of relationships among individual entities define the stability that is required to establish unity. It is this nature and quality of relationships that sharply differentiates the Bahai orientation from utilitarianism. From a utilitarian perspective, the individual (whether as a consumer in the consumption theory or a produce in the production theory) is assumed to have unlimited wants and acts selfishly to satisfy these wants. Wants are anything that increases utility. The self-interest motivation behind human action is the operating assumption that is supposed to ensure everyone's well-being. Thus, the nature of human relationships is based on self-interest. Customers and producers come to the marketplace and engage in "exchange relationships", not because they love each other or want to serve each other, not because they want to create harmony, stability, and solidarity, but for the pure and simple reason the customer wants something that the producer has, and the producer has something that the customer has. Neither one cares what the other party may want to do with the objects being exchanged. Since they got what they wanted (presumably at or lower than the maximum price they were willing to pay) without coercion, or both parties are made better off, and therefore the society is better off (especially if this type of exchange relationship is allowed to operate freely and extensively). Self-interest is the antithesis of the concept of unity and therefore well-being. Social integration requires that the individual contributors give high highest priority to the integration process by their willingness to forego their self-interest motives for the interest and preservation of the whole we call society. Global integration requires a re-ranking of social priorities giving the highest value to the maintenance of the whole.

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The fundamental issue is that the moral and ethical considerations that can be exercised by customers and producers in the marketplace are left to the two forces of competition and regulation. The Bahai faith offers a third alternative, which is the role that moral, ethical, and spiritual education plays in promoting and building an environment that continually fosters the maturity of the individual, who becomes less dependent on competition or regulation to monitor his or her behavior and becomes motivated by the concept of service to humanity. Unlike the internal inconsistency of the perfectly competitive model of self-interest, selflessness and cooperation are two aspects of the same concept - unity. The selfless cooperation for the service of the generality of humankind is the guarantor of not only "being" but, more important, "well-being". PROSPERITY OF NATION1 What was the most important document published in 1776? The Declaration of Independence is the easy answer for Americans, but many would argue that Adam Smith's "The Wealth of Nations" had a more important global impact. This book talked about many things including that what does the prosperity of a nation means? Because what makes us prosperous we all know but what makes nation prosperous was first discussed here. This book told us that a prosperous nation should have all these things. 1) The evolution of Capitalism 2) No Unemployment 3) Abundance of Natural resources 4) A good GDP 5) Compulsory and free education

Adam Smith And "The Wealth Of Nations"

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1) Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit. Other elements central to capitalism include competitive markets, wage labor and capital accumulation. There are multiple variants of capitalism, including laissez-faire, welfare capitalism and state capitalism. Capitalism is considered to have been applied in a variety of historical cases, varying in time, geography, politics, and culture. There is general agreement that capitalism became dominant in the Western world following the demise of feudalism. Competitive markets may also be found in market-based alternatives to capitalism such as market socialism and co-operative economics. Economists, political economists and historians have taken different perspectives on the analysis of capitalism. Economists usually emphasize the degree to which government does not have control over markets (laissez faire), as well as the importance of property rights. Most political economists emphasize private property as well, in addition to power relations, wage labor, class, and the uniqueness of capitalism as a historical formation. The extent to which different markets are free, as well as the rules defining private property, is a matter of politics and policy. Many states have what are termed mixed economies, referring to the varying degree of planned and marketdriven elements in a state's economic system. A number of political ideologies have emerged in support of various types of capitalism, the most prominent being economic liberalism. The term capitalism gradually spread throughout the Western world in the 19th and 20th centuries largely through the writings of Karl Marx.

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2) Unemployment (or joblessness) occurs when people are without jobs yet have actively sought work. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate. In a 2011 news story, BusinessWeek reported, "More than 200 million people globally are out of work, a record high, as almost two-thirds of advanced economies and half of developing countries are experiencing a slowdown in employment growth". There remains considerable theoretical debate regarding the causes, consequences and solutions for unemployment. Classical economics, neoclassical economics, and the Austrian School of economics argue that market mechanisms are reliable means of resolving unemployment. These theories argue against interventions imposed on the labour market from the outside, such as unionization, minimum wage laws, taxes, and other regulations that they claim discourage the hiring of workers. 3) The natural resources in india are its total cultivable area in India which is 1,269,219 km (56.78% of total land area), which is decreasing due to constant pressure from an ever-growing population and increased urbanization. India has a total water surface area of 314,40 km and receives an average annual rainfall of 1,100 mm. Irrigation accounts for 92% of the water utilisation, and comprised 380 km in 1974, and is expected to rise to 1,050 km by 2025, with the balance accounted for by industrial and domestic consumers. India's inland water resources comprising rivers, canals, ponds and lakes and marine resources comprising the east and west coasts of the Indian ocean and other gulfs and bays provide employment to nearly 6 million people in the fisheries sector. In 2008, India had the world's

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third largest fishing industry. India's major mineral resources include Coal (fourth-largest reserves in the world), Iron ore, Manganese, Mica, Bauxite, Titanium ore, Chromite, Natural gas, Diamonds, Petroleum, Limestone and Thorium (world's largest along Kerala's shores). India's oil reserves, found in Bombay High off the coast of Maharashtra, Gujarat, Rajasthan and in eastern Assam meet 25% of the country's demand. Now if the country is not able to preserve it will lose its prosperity because these all are the wealth of nation which satisfies the persons living here. 4) A good GDP is also important for any country to progress because Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living; GDP per capita is not a measure of personal income (See Standard of living and GDP). Under economic theory, GDP per capita exactly equals the gross domestic income (GDI) per capita. 5) Education in its broadest, general sense is the means through which the aims and habits of a group of people sustain from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts. In its narrow, technical sense, education is the formal process by which society deliberately transmits its accumulated knowledge, skills, customs and values from one generation to another, e.g. instruction in schools. A right to education has been created and recognized by some jurisdictions: Since 1952, Article 2 of the first Protocol to the European Convention on Human Rights obliges all signatory parties to guarantee the right to education.

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CONCLUSION The difference between the prosperity of an nation and of individual is that nation has a wider scope and a different view of prosperity because it doesnt have to be of just personal it has to be in such a manner that all should be considerable under it but its not in the case of personal prosperity which only thinks about alone and alone itself and has not to be taken care of all.