Using Gross Domestic Product as the Main Indicator of Well-Being (596 words, 1 pages)
MEASURING ECONOMIC WELL-BEINGBy using Gross Domestic Product as the main indicator of well-being, many important factors are neglected. As defined in the New Merriam-Webster Dictionary, well-being is the state of being happy, healthy, or prosperous (1989, p.831). Economically, perhaps the only relevant state under the definition is prosperity, but in ...
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