The economic growth rate is used by many countries to compare the success of nations. But there are other aspects to consider to measure the quality of life in a country. However, to my mind, economic progress is the most important factor, representing the potential of nations.
Other than economic progress, there are some factors indicating the rate of prosperity on a national level. The crime rate is one of those metrics and provides an overall impression of a country's policy on the law. Another indicator for measuring a country's success could be the average life expectancy of the population. So that is to say, the longer people live, the more successful a country can be. Next crucial point that plays a role in a country's success is environment-related. Countries are becoming more ecology-conscious and implementing greener technologies and practices into an economy. That is why the pollution rate, another factor to take into account, is on the agenda of nations that want to be the next success stories.
The economy affects every walks of life and works the same in almost everywhere. This accompanies with employment, income and is directly related to the quality of life in a nation. Therefore, countries making a great deal of economic progress can easily handle other pressing issues such as unemployment, the high crime rate and dependency on fossil fuels.
To conclude, economic growth is a common way to measure a nation’s development. But there are other alternatives to economic progress such as the crime, pollution rates and life expectancy. However, economic progress is a more important factor than others.
The
economic
growth
rate
is
used
by
many
countries
to compare the
success
of
nations
.
But
there are
other
aspects to
consider to measure
the quality of
life
in a
country
.
However
, to my mind,
economic
progress
is the most
important
factor
, representing the potential of nations.
Other than
economic
progress
, there are
some
factors
indicating the
rate
of prosperity on a national level. The crime
rate
is one of those metrics and provides an
overall
impression of a country's policy on the law. Another indicator for measuring a country's
success
could be the average
life
expectancy of the population.
So
that is
to say, the longer
people
live
, the more successful a
country
can be.
Next
crucial point that plays a role in a country's
success
is environment-related.
Countries
are becoming more ecology-conscious and implementing greener technologies and practices into an economy.
That is
why the pollution
rate
, another
factor
to take into account, is on the agenda of
nations
that want to be the
next
success
stories.
The economy affects every
walks
of
life
and works the same in almost everywhere. This
accompanies with
employment, income and is
directly
related to the quality of
life
in a
nation
.
Therefore
,
countries
making a great deal of
economic
progress
can
easily
handle
other
pressing issues such as unemployment, the high crime
rate
and dependency on fossil fuels.
To conclude
,
economic
growth is a common way to measure a
nation’s
development.
But
there are
other
alternatives to
economic
progress
such as the crime, pollution
rates
and
life
expectancy.
However
,
economic
progress
is a more
important
factor
than others.