Welfare
Welfare is an economic term used to describe the state of well-being of humans on an individual or collective basis.
Ecological footprint
The Ecological footprint is a term used to describe a “concept of measuring ecological footprints.
Gross National Happiness (GNH)
The concept of Gross National Happiness (GNH) was already mentioned in the section on economic value, as an attempt to define an indicator that measures the quality of life in a holistic way than its commercial counterpart GDP. Bhutan’s former King Jigme Singye coined the term.
Added value
Added value is a procedure that increases the worth of a product or raw material through transformation and processes.
Human capital
Human capital generally refers to the well-being, health and productive potential of individual people and includes physical and mental health, education, motivation, and professional skills.
Creative Commons Licenses
This work is licensed under a Creative Commons Attribution 4.0 International License.
