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Economic well being
Examining the Constraints of GDP in Assessing Economic Welfare
December 2, 2023
What are the limitations of using GDP as a measure of economic well-being?
GDP as a measure of economic well-being has limitations, as it does not consider factors like income inequality, environmental sustainability, or non-market transactions, leading to an incomplete representation of overall welfare and quality of life within a nation.
Tags : GDP , Economic Well-being , Limitations