[ad_1]
The concept of Gross Domestic Product (GDP) was developed by Simon Kuznets in 1937 and has been used almost universally since that time. The World Economic Forum (WEF) is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional, and industry agendas.[1] Current reasoning holds that the traditional measure of economic success, Gross Domestic Product or GDP, is too narrow and does not capture true economic well-being, especially in a Post Covid world. Accordingly, the Forum has developed a Dashboard/Scorecard in four dimensions as follows.
[ad_2]
Unit 5 DB: GDP(Gross Domestic Product)