Concept of education
Classified in Economy
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Gross National Happiness Index (GNH)
Nine domains:
1. Psychological Wellbeing
2. Standard of Living
3. Good Governance
4.Health
5.Education
6.Community Vitality
7.Cultural Diversity and Resilience
8. Time Use
9. Ecological Diversity and ResilienceWealth Index
There are several approaches to Wealth indexes. Here the idea is To consider:
The levels of:
1. Human capitalhealth level
educational level
Social capital
Political capital
Natural capital
Physical capital
Happiness capital
Intellectual capital
The factor endowment theory
To simplify things, in this model we assume there only are: – Two countries: Home, Foreign (indicated with *)
– Two production factors: labor (L) and capital (K)
– Two goods: cloth (C) and food (F)Home and Foreign are different only in terms of their factor Endowments
– Home is labor-abundant: L / K > L* / K* – Foreign is capital-abundant