We probably heard quite often about GNP or Gross National Product, a measure of the total value of products and services generated in one year by the residents of a country.
For at least three decades, the conventional wisdom is that higher country GNP often does not translate into a greater overall sense of well-being of its people (Easterlin Paradox, 1974 by Richard Easterlin).
For at least three decades, the conventional wisdom is that higher country GNP often does not translate into a greater overall sense of well-being of its people (Easterlin Paradox, 1974 by Richard Easterlin).
GNH on the other hand, a term that we might not heard as often. GNH or Gross National Happiness is an index developed from many indicators and is used to measure well-being of the people. Well-being refers to the fulfilling conditions of a “good life.”
Many people would measure well-being as the amount of money and assets ownership by individuals. Based on this assumption, the question will be whether or not a richer individual becomes happier?
Money might not buy us true love, or might it? But might it be able to buy us happiness?
My personal thinking is that though one could not live without money these days but happiness is really a personal matter.
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