The genuine progress indicator is generally disregarded because of the inability to price environmental and health costs.

Genuine Progress Indicator

An economic measure that accounts for welfare, incorporating factors like environmental health and social well-being, offering an alternative to GDP.

Environmental Costs

The negative impacts on the environment, including pollution, resource depletion, and loss of biodiversity, often not reflected in the market price of goods and services.

Health Costs

The expenses associated with maintaining, improving, or monitoring health, including prevention, diagnosis, treatment, and rehabilitation.