CBSE Class 12-commerce Answered
Can u explain gdp and welfare
Asked by SANDHYA | 31 Mar, 2017, 05:47: PM
Expert Answer
Hi Sandhya,
GDP is an index of welfare of the people. If the flow of goods and services increases, higher the availbility of goods and serviices to every indidvidual and thus improve the welfare of the people in an economy.
Answered by | 31 Mar, 2017, 10:17: PM
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