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What is welfare measure?

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Anonymous

12y ago
Updated: 12/21/2022

Welfare includes anything that is done for the comfort and improvement of employees and is provided over and above the wages. Welfare helps in keeping the morale and motivation of the employees high so as to retain the employees for longer duration, which helps the organization to achieve its goals.

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Michelle Littel

Lvl 10
2y ago

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Is national income a satisfactory measure of economic welfare?

is national income a satisfactory measure


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Does GNP measure social welfare?

GNP measures the total economic output of a country, but it does not directly measure social welfare. Social welfare encompasses factors like income distribution, access to healthcare and education, quality of life, and environmental sustainability, which are not fully captured by GNP. Other indicators like the Human Development Index or the Genuine Progress Indicator are more holistic in assessing social welfare.


What extent does national income measure social welfare?

National income does provide some measure of social welfare, but it is by no means a perfect measure. National income only captures economic activity, and does not take into account other important factors such as environmental quality, leisure time, or income distribution. In addition, national income does not always reflect changes in welfare that may occur over time, such as increases in life expectancy.


Why is the GDP not an accurate measure of welfare?

When GDP is divided among a population, it gives a average value for every person. But within a population, it is common to some have people with higher wealth and welfare and some people with lower welfare. By showing an average value for each person, it may be over-valueing or under-valueing an individuals welfare.


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Why is GNP not a perfect measure of social welfare?

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What is welfare pluralism about?

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Why is a welfare so negative?

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