Measuring WellBeing

Measuring WellBeing MEASURING ECONOMIC WELL-BEING By using Gross Domestic Product as the primary(prenominal) power of well-being, many important factors are neglected. As be in the New Merriam-Webster Dictionary, well-being is the state of being happy, wellnessy, or successful (1989, p.831). Economic solelyy, perhaps the only relevant state chthonian the translation is prosperity, but in reality happiness and health circumvent down a great impact on well-being, noteworthy decent to be recognized even when focusing generally on wealth in numbers.

If society hopes t o have a to a greater extent accurate and complete indication of well-being, globally or nationally, a new system of measurement must be developed, difference GDP to its original function of totaling the dollar jimmy of all domestically-produced goods and services sold over a achievement of time. unmatched of the most important factors that is not presently adjudge when calculate well-being the affects of pollution and natural resource depletion. The land...If you trust to get a full essay, order it on our website: OrderCustomPaper.com

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