The Fourth King of Bhutan, King Jigme Singye Wangchuck, (pic) conceptualised and coined the term GNH in 1972 and declared that “GNH is more important than GDP.”
IN the study of economics, most are familiar with the monetary aspect and place great importance on the gross domestic product or GDP of a nation. However, not everything is about money, income and wealth.
There is a particular index that measures happiness. This is known as the “happiness economics”.
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