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英国经济学coursework:GDP对财富和福利的意义(2)

时间:2017-12-06 14:31来源:www.ukassignment.org 作者:cinq 点击:
Approaches and Indexes to consider in measuring of well-being In conclusion, findings from this measures of well-being are of enamours significance to the citizens of a country. From them, resources a
 
Approaches and Indexes to consider in measuring of well-being
 
In conclusion, findings from this “measures of well-being” are of enamours significance to the citizens of a country. From them, resources are allocated and policies that affect individuals in a country are enacted, this include allocation of resources from medical care to global warming and environmental degradation. Although there are alternative indexes to GDP, more consideration should be pondered in adapting and formulating new measures that are in par with the ever changing global world, new cultures are emerging and from them, individuals with unique factors of well-being emerge. In summing up, welfare economics can make positive contributions to development economics through the application of cost benefit analysis, GDP adjusted to cost benefit analysis is a more significant measure of welfare than unadjusted GDP (Islam and Clarke, 2014).


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