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problmes with defining development

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Issue:

Miscellaneous

 

Written by:

David T

 

Date added:

February 7, 2014

 

Level:

University

 

Grade:

A

 

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2 / 405

 

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and G.D.P.; development is measured on the base of wealth, standard of living etc. G.D.P. (Gross Domestic Product) is a measure of a countries economic performance. It is the market value of all goods and services produced within the boundaries of a country within a year. G.N.P. (Gross National Product) is the same as G...
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(Gross National Product) is the same as G.D.P. however it includes the "invisible" goods such as stocks and shares, capital generated from tourism etc. Both are limited in terms of a measure of development because accurate data is hard to find, currency rates vary on a daily basis so it is difficult to put and accurate value on goods, subsistence industries and farming production do not enter the market economy and are therefore not measured, Per capita G...
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