I was thinking about the value of those products and services which are needed to sustain people's lives and to expand people's lives, and how unaware I'm of a metric that measures actually this. I know GDP doesnt measure this. The inclusion in GDP of services which to me doesnt have any value in this sense, and later using GDP as a measure of a country progress doesn't make sense to me. For example, according to this
Yet as a statistic, it is surprisingly poor as a means of actually measuring what it is supposed to measure. It measures a rough aggregate of the total number of transactions made within a given country. It's used primarily because it is easy to calculate, but it does not really matter to this calculation whether the transactions involved are used when building new houses or repairing houses after a hurricane. Building a bomb, throwing a lavish party, or paying for school, it doesn't matter much what the transactions actually do, the statistic is only really concerned with the amount of money passed between hands.
So if I go to an arcade, and I spend money in it playing videogames, I'm growing GDP?
So I was wondering,
Is there any metric to measure the creation of products and services needed to sustain and expand life?
By sustaining life I mean, food, shelter, electricity, water, health care, etc. and by expanding life I mean development of technology and science in this sense.
I could understand that exporting a service would bring money to a country which later could be used to buy these things. That could make sense to be included in a metric like the one I'm looking for. But services which are pure for entertainment or comestic procedures or things in those lines doesnt make any sense to me to be included in a metric which is used to measure progress.