Unit 4.8 Measuring development

IB Economics: Unit 4.8 Measuring development

The definition of economic development as multidimensional means measuring economic development to take into account a number of different criteria. The principle that economic development is judged according to welfare is problematic in terms of measurement. The concepts of welfare or quality of life or living standards are difficult to measure objectively and often require valued judgements.The link to the attached...


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