is hdi an adequate measure of economic welfare. why
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Yes, HDI is an adequate measure of economic welfare or it is the best method to measure development for the following reasons:
The report compares countries based on three criteria namely:
• Living standard ( per capita income)
• Health status ( life expectancy)
• Educational levels of the people ( literacy rate and enrolment ratio)
The report publishes with separate criterias for developed countries and underdeveloped countries i.e, functional literacy is used for developed countries.
The Human Development Index (HDI) considers Public Health, education, poverty level, inequality and environmental aspects to measure human development.
I hope this helps u dear friend
The report compares countries based on three criteria namely:
• Living standard ( per capita income)
• Health status ( life expectancy)
• Educational levels of the people ( literacy rate and enrolment ratio)
The report publishes with separate criterias for developed countries and underdeveloped countries i.e, functional literacy is used for developed countries.
The Human Development Index (HDI) considers Public Health, education, poverty level, inequality and environmental aspects to measure human development.
I hope this helps u dear friend
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