
Gross domestic product
From Wikipedia, the free encyclopedia
-->>The gross domestic product (GDP) or gross domestic income (GDI) is a basic measure of a country's overall economic output. It is the market value of all final goods and services made within the borders of a country in a year. It is often positively correlated with the standard of living,
GDP =private consumption + gross investment + government spending + (exports − imports)
Now this is very interesting when seen from different dynamics of how GDP works.
Since it is indicator (Health)of a country's economy, lets talk in terms of market basis.
A pharmaceuticals company invests on a product(targeting sick people), launches in the market and if it sells then WALLAH! it adds to our economy,enhances GDP,hence next expenditure budget is surplus. (Does this mean the company in particular and Government in general desperately want people to fall sick so its product sells???) It implies a sick person is boom for economy and a healthy person is pain in the ASS !!
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