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Indicators Of Economic Development

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Deighton Gooden
Deighton Gooden

Economic growth measures the value of goods and services produced, but does not account for how wealth is distributed or people's well-being. Economic development aims to measure human welfare more directly by considering factors like poverty, political freedoms, education, health, and standard of living. However, development is a complex, subjective concept that can be defined and measured in different ways. The Human Development Index tries to capture multiple dimensions of welfare, but other aspects may also be relevant for understanding development.

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Indicators of Economic Development
Indicators of Economic Development
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