LIMITATIONS OF THE GDP AS A MEASURE OF PROGRESS AND WELL-BEING

The subject of this paper is the gross domestic product that has become a universal measure of progress and well-being. However, its usage for this purpose is inadequate, inappropriate and wrong since this economic measure does not reflect anything more than productivity. Moreover, it was never desi...

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Bibliographic Details
Main Author: Anita Frajman Ivković
Format: Article
Language:English
Published: Faculty of Economics in Osijek 2016-06-01
Series:Ekonomski Vjesnik
Subjects:
GDP
Online Access:http://hrcak.srce.hr/file/237433