Measuring WellBeing

Measuring WellBeing MEASURING ECONOMIC WELL-BEING By using Gross Domestic Product as the primary(prenominal) indicator 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 prosperous (1989, p.831). Economically, perhaps the only relevant state chthonian the definition is prosperity, but in reality happiness and health have a great impact on well-being, noteworthy enough to be recognized even when focusing generally on wealth in numbers.

If society hopes to have a more accurate and complete indication of well-being, globally or nationally, a new system of measurement must be developed, leaving GDP to its original function of totaling the dollar jimmy of all domestically-produced goods and services sold over a achievement of time. One of the most important factors that is not presently adjudge when calculating 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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