Even though the term well-being is used commonly in many areas of research, its meaning has been obscured. In its widest sense well-being may denote the whole universe of human life, including the physical, mental and social aspects which all form the so called "good life" (WHO 2002). The theory of "good life" is a philosophical one and dates back to approach from at least two points of view. It may be based on basic human needs, like Maslow's (2005) well known theory of the hierarchy of needs which states that well-being is based on fulfillment of physiological, social and psychical needs.
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