There are some key differences between the broad prosperity methodology and a specific, focused approach to assessing prosperity. Firstly, the latter tends to measure prosperity as a whole, rather than just a specific region. There are also differences in the stylishster data used to calculate this measure. While the former relies on objective data, the latter uses subjective data. Lastly, the former emphasizes the role of local factors.
Shared prosperity is measured by examining the newshunttimes growth of household consumption and income in the poorest 40% of the population. It is defined as the annual growth rate of income and consumption per capita for the poorest 40% of the population. Both methods measure the extent to which economic growth benefits the poor, but the GDSP also identifies economies with the lowest proportions of shared prosperity. The World Bank Group has set a goal to increase shared prosperity in every country.
The Legatum Prosperity Index measures human webtoonxyz progress on eight dimensions. Economic quality, personal freedom, and business environment are some of the key dimensions. Other factors include education, social capital, and health. The Better Life Index measures social progress. All of these are important indicators of wellbeing, and both measure how satisfied people are with their lives. However, the Legatum Prosperity Index manhwa18 measures social capital as well.