ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The SPI measures the well-being of a society by observing social and environmental outcomes directly rather than the economic factors. The social and environmental factors include wellness (including health, shelter and sanitation), equality, inclusion, sustainability and personal freedom and safety.

Detailed explanation-2: -Social progress is defined as the capacity of a society to meet the basic human needs of its citizens, establish the building blocks that allow citizens and communities to enhance and sustain the quality of their lives, and create the conditions for all individuals to reach their full potential.

Detailed explanation-3: -The primary goal of the Social Progress Index is to provide a comprehensive and rigorous tool to benchmark countries and stimulate progress. Social progress depends on the policy choices, investments, and implementation capabilities of multiple stakeholders-government, civil society, and business.

Detailed explanation-4: -We divide these indicators across three broad dimensions of social progress: Basic Human Needs, Foundations of Wellbeing, and Opportunity.