GDPdriven
GDPdriven is a term used to describe an economic system where the Gross Domestic Product (GDP) is the primary metric used to measure economic performance and guide policy decisions. In a GDPdriven economy, the focus is on the total value of goods and services produced within a country's borders over a specific period, typically a year. This approach emphasizes the quantity of economic activity rather than the quality or distribution of that activity.
Proponents of a GDPdriven system argue that it provides a straightforward and easily quantifiable measure of
In practice, GDPdriven economies often face challenges in balancing growth with sustainability. Rapid GDP growth can
Overall, while GDPdriven systems offer a useful tool for economic analysis, they are not without their limitations.