As The Thinking Goes, Economic Growth As Measured By Gross Domestic Product (GDP) Is Essential To A Country’s Stability And Prosperity:

As the thinking goes, economic growth as measured by gross domestic product (GDP) is essential to a country’s stability and prosperity. It is growth that is responsible for each generation being better off than its parents’ generation, economists say. But some economists are now challenging that view, arguing that it makes more sense to focus on measures of well-being other than growth.