The concept of Net Economic Welfare has been given by
(a) Samuelson
(b) Marshall
(c) Adam Smith
(d) Lionel Robbins
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a) Samuelson.
The concept of Net Economic Welfare has been proposed by Samuelson in the year 1972 as an alternative to GDP.
It is a concept which tries to measure how much a nation is happy , or not in good condition, by studying not just the economic advancement and increase, but even the amount of pollution, the number of doctors in the place who are working and so on.
This is measured also by considering the GDP .
The concept of Net Economic Welfare has been proposed by Samuelson in the year 1972 as an alternative to GDP.
It is a concept which tries to measure how much a nation is happy , or not in good condition, by studying not just the economic advancement and increase, but even the amount of pollution, the number of doctors in the place who are working and so on.
This is measured also by considering the GDP .
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