"management if a Water polluting oil refinery says that the it (oil refinery) ensures welfare through its contribution to Gross Domestic product "Defend or refute the argument of management with respect to GDP as a welfare measure of the economy.
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Answer. Management with respect to GDP cannot ensure welfare measures of the economy due to the following reasons: - Management of water polluting oil refineries can't make sure welfare through its contribution to the GDP as the GDP is the limited device for for measuring of general living.
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