Abstract
In the global economy, the quantitative dimension of economic growth measured by GDP is necessary, but not sufficient to express the qualitative development of economy and society. Statisticians and economists recognized the need to provide policy makers and civil society with a reliable, timely and credible indicator that can quantitatively and qualitatively assess the current situation, which would also indicate prospects for further economic growth. The latest attempt at the international level to present the best of the range of comparable and comprehensive set of indicators of well-being is the Better Life Index, leading to attempting and finding a better way to measure growth and identifying key aspects necessary for prosperity. These aspects need to be known and used in decision-making processes in determining priorities and objectives of economic policy oriented so as to ensure not only the quantity but also the quality of economic growth and hence the quality of life.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Journal of Eastern Europe Research in Business & Economics
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
