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drawbacks, as a measure of both economic activity and properly-being. As a measure of fabric consumption, revenue and expenditure, the figures omit many components, together with environmental damage, actions in the informal sector that dominate in lots of countries (the casual sector accounts for 85–ninety per cent of the Indian economic system, for instance), family and reproductive work, and non-revenue actions corresponding to volunteering. Furthermore, all public sector activity is valued at cost, as there aren’t any markets and prices for most public providers. Moreover, GDP is the economic system-broad complete and does not give details about what occurs at the individual- or household-level. More individual earnings or consumption information are needed. Another severe limitation of GDP is that it does not bear in mind sure variables that matter for human flourishing. Neither income nor expenditure measure the properly-being people obtain from such goods and providers. Thus, Bill Gates is not essentially hundreds of thousands of occasions higher off than the common American. People derive properly-being not only from consuming items and companies, but in addition from peace, meaningful employment and fulfilling relationships, and so forth. . As with human rights and human security, sustainable development therefore shares many similarities with the human

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