Is GNP a good indication of a country's growth?
Download our app for free and get started
- GNP does not give any idea of population, skill and resources of the country.
- A high GNP may be because of concentration of some resources and other natural factors.
- It does not indicate how GNP is distributed, whether it is distributed equally or unequally.
- It does not show composition of income. A country might be producing cigarettes, alcohol or pedigree and may have masses living in poor conditions.
- With increase in GNP, there may be ecological imbalance which will not add to welfare.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View SolutionDistinguish between tariffs and quotas.
- 2View SolutionGive three characteristics of SSIs.
- 3View SolutionWhy is equity as a planning goal very important?
- 4View SolutionDo you think there is any contradiction between growth and self-reliance and growth and employment generation?
- 5View SolutionIn industrial development in India, government played a leading role. Why?OR
Why was public sector given a leading role in industrial development during the planning period? Explain any two reasons. - 6View SolutionFor which contribution is P.C. Mahalanobis regarded highly by statisticians and economists all over the world?
- 7View SolutionWhy is India a leading exporter of handicrafts?
- 8View SolutionDifferentiate between private sector and public sector. Give an example of each sector.
- 9View SolutionHow has India's occupational structure changed in the period 1950 to 1990?
- 10View SolutionExplain how tariffs and quotas protect the domestic industry?