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The researchers use social and economic indicators to measure development in countries. List a few popular...

The researchers use social and economic indicators to measure development in countries. List a few popular indices and discuss whether these are ideal for measuring development. Based on your analysis, suggest which indicators should be used for measuring development and why? You may like to provide country specific examples to explain your view point.

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Answer #1

One of the most widely used indicators for measuring development is HDI, based on ideas for human development, including economic dimensions as measured by GDP per capita and social dimensions as measured. By age and literacy. Per capita consumption. Etc. I think it makes sense to include all of the above components for proper growth and development as we move forward. It also includes that we do not focus on one or the whole development, and there are several stages and dimensions that are covered in it. This makes the awareness clearer and clearer, and we can focus on important areas as well in life.

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