human development index (HDI)

  

Definition

Global index utilize to rank the development of countries by examining the achievements of the inhabitants of the country. The index factors in three important elements: standard of living, life expectancy, and literacy level. The index is not 100% accurate in its determinations due to inconsistencies and lack of data in certain parts of the world. The index was established in 1990 by the United Nations.

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  • Knowing the human development index rating for a country you wish to do business with can help you set the cost to the right number.

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  • The human development index indicated the rising standard of living by the young nation was caused in large part to the new president.

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  • I felt that the human development index was not something useful because it made people seem like chickens and not humans.

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