the advantage and disadvantage of gdp per capital and how it measure the well being of the population.
GDP is nothing monetary value of all goods n services produce within a country in a years time.Production of goods depends upon the welfare of employersand its effectiveness.However GDP enjoys lot of disadvantages
1]Production can be increased due 2 exploitation of workers
2]Due 2 production of harmful goods
3]Due 2 production of war goods
All this factors is not 4 the welfare of the people. Hence it can be the best measure of economic development