It is difficult to construct a composite index of economic development that aggregates all indicators
There is no agreement between economists on which indicators to include in such an index
There is a problem of assigning weights to the social indicators as some might look more important than others
They only reflect the present situation and not the future status
Like welfare index, they involve a lot of judgment
Dana05 answered the question on July 3, 2019 at 11:10
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