Is GDP a good measure of economic activity and well being?

Essay from the year 2012 in the subject Economics - Macro-economics, general, grade: 2, Heriot-Watt University Edinburgh (School of Language and Management), language: English, abstract: The business world offers numerous examples of corporations benefiting from competition, as they have to increase their productivity, economise their cost, and need to strive for innovations. It is generally agree...