GDP and Environmental Degradation

More goods and services a country produces, the healthier the economy of this country becomes. There is a serious omission in the measurement of economic success, however, that when GDP (production) increases, negative externalities (pollution of air and water) also increased. The environment becomes degraded and negatively affects the quality of life. GDP measures goods and services sold, but also the negative externalities are not included in this count, however, these negative externalities increase in GDP. For example, the automotive industry wants to produce more cars, the smoke, which is released from pipes contains carcinogens that can lead ...