Many a time we see that the performance of a nation is measured in terms of the GDP. Does it not mean that the Government is considering itself as an Economic enterprise? A business economic enterprise may have its goal limited to maximizing the economic value but a State cannot just say so. While this is an important goal for the State it has various Social goals that need to be accomplished. We should move from the traditional reporting of the performance of a nation in terms of GDP to a system which includes other social and environmental goals. Are there any such systems especially in the context of Developing world?
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