8 ms·
If by production you mean GDP, it's not as simple as that. Increasing production is not the only meaningful way to improve peoples lives. GDP is a very rough i
by crisdux 9y ago
If by production you mean GDP, it's not as simple as that. Increasing production is not the only meaningful way to improve peoples lives.
GDP is a very rough indicator for a society's standard of living and well being. GDP is really bad at measuring things like health, household productivity, technology changes, education, leisure, environment, etc - all which may not show up in GDP.