Government incurs expenditure to popularize yoga among the masses. Ana

1.	Government incurs expenditure to popularize yoga among the masses. Analyseits impact on Gross Domestic Product and welfare of the people.
Answer» GDP is considered as an index or welfare of the people. Welfare means a sense of material well being among the people. Many activities in the economy are not evaluated in monetary terms. For example, leisure time activities are not included in GDP but they result in the welfare of people in the country. When government incurs expenditure to popularize yoga among the masses it will result in good health and well being of individuals. This will increase efficiency and lead to higher productivity in, future in the country. Thus, inspite of being an activity to which it is difficult to put a monetary value, yoga will surely result in better mental and physical health of people in the country resulting in the overall welfare of the citizen of the country.

Government incurs expenditure to popularize yoga among the masses. Analyseits impact on Gross Domestic Product and welfare of the people.

Answer»

GDP is considered as an index or welfare of the people. Welfare means a sense of material well being among the people.

Many activities in the economy are not evaluated in monetary terms. For example, leisure time activities are not included in GDP but they result in the welfare of people in the country. When government incurs expenditure to popularize yoga among the masses it will result in good health and well being of individuals. This will increase efficiency and lead to higher productivity in, future in the country. Thus, inspite of being an activity to which it is difficult to put a monetary value, yoga will surely result in better mental and physical health of people in the country resulting in the overall welfare of the citizen of the country.

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