Gross Domestic Product (GDP) has long been considered as one of the primary indicators to assess economic progress. It is a measure of the total value of goods and services produced within a country during a specific period. However, experts and policymakers have recognized that GDP has its limitations and cannot provide a comprehensive view… Continue reading Unveiling the Limitations of GDP: Promising Approaches for a Holistic Economic Assessment
Beyond GDP: Innovative Approaches to Measure National Prosperity For decades, Gross Domestic Product (GDP) has been the primary measure for assessing a country’s economic performance and growth. However, there has been growing recognition that GDP alone is an inadequate tool to assess national prosperity. GDP fails to consider many critical aspects of well-being, such as… Continue reading Beyond GDP: Innovative Approaches to Measure National Prosperity
Exploring Alternative Approaches to Measure GDP: A Comprehensive Analysis Gross Domestic Product (GDP) has long been the go-to indicator to measure the economic performance of a nation. It provides a snapshot of a country’s total economic output and is used to compare the economic growth of different countries over time. However, it has its limitations… Continue reading Exploring Alternative Approaches to Measure GDP: A Comprehensive Analysis
