Why GDP (Gross Domestic Product) is a Poor Measure of Wealth and Prosperity
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Why GDP (Gross Domestic Product) is a Poor Measure of Wealth and Prosperity
Why GDP (Gross Domestic Product) is a Poor Measure of Wealth and Prosperity

The Gross Domestic Product (GDP) is a measure of economic activity for a country as a whole. GDP, and related figures like per capita GDP or inflation-adjusted GDP, are frequently referenced in economics and news sources, especially in the context of development economics, and especially in news sources discussing economic downturns or booms. GDP is so dominant that the general term “growth” is usually implicitly assumed to mean growth of GDP.

Economics, contrary to popular belief, is not the study of money or financial systems per se, but rather, the study of resource use and distribution in human society. Definitions of economics, including those in most mainstream economics textbooks, emphasize economics as the study of the choices people and groups of people make, particularly in contexts involving scarce resources. (...=

https://zorach.wordpress.com/2010/08/27/...rosperity/

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2018 May 01 14:25
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