Friday, 6 February 2009

Index of Sustainable Economic Welfare

The Index of Sustainable Economic Welfare is an economic indicator intended to replace the gross domestic product. Rather than simply adding together all expenditures like the gross domestic product, consumer expenditure is balanced by such factors as income distribution and cost associated with pollution and other economically unsustaining costs.
http://en.wikipedia.org/wiki/Index_of_Sustainable_Economic_Welfare