MEASURING SOCIAL PROGRESS IN THE CONTEXT OF VALUING THE RIGHT TO A STANDARD OF LIVING

Angela Bogus

Economy & Business Journal, 2022, vol. 16, issue 1, 242-251

Abstract: The current article highlights the growing interest in recent decades in identifying the most appropriate indicators for measuring the social progress of societies. Different researches carried out over time in the context of measuring the performance of companies reflect a wide variety of indicators used to determine the progress made. For various reasons, evaluating the results and comparing them between different societies is a not-so-easy task. Due to the complexity of the concepts of social progress and standard of living, their expression can be done not only by a single indicator, but by a system of indicators. Moreover, each of the indicators developed has certain disadvantages, which reduces the relevance of the results obtained. The establishment of genuine indicators ultimately offers the possibility of identifying more precisely the social progress made by societies and identifying the best performing one.

Keywords: standard of living; indicators of the standard of living; economic performance; social progress; the right to a standard of living (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:16:y:2022:i:1:p:242-251

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