Who conducted a composite physical study of the life's quality developed and developing countries?
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Moris David Morris
Explanation:
- He was the one to conduct a composite physical study of the quality standard of people's life in developed and developing countries.
- According to him, GDP , per- capita income etc. are not fair economic indicators as it does not account for human welfare.
- National income can increase by increase in income of a small percent of people .
- So, he used three indicators which are : Literacy Rate, Life Expectancy & Infant Mortality Rate. And called the avg. of these indicators as the Physical Quality of Life- Index.
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