Part 1 of Essay
In this every day changing world, many of us are living in a comfortable home, have enough food to eat, well clothed, healthy, and financially independent. All these are provided to us because we are living in a well-developed country. Others in the third world nation are not so lucky. They may have no shelter, limited fo ....

Part 2 of Essay
.... incomes, high inequality, poor health and inadequate education. The gross national product (GNP) is the most commonly used measure of the overall level of economic activity. The gross domestic product (GDP) measures the total value for final use of output produced by an economy, by both residents and nonresidents. Thus GNP comprises GDP plus the differences between the income residents receive from abroad for factor services (labor and capital) fewer payments made to nonresidents who contribute to the domestic ....