Life satisfaction and electricity consumption

A nation’s electricity consumption has been seen as a useful proxy for measuring economic growth offering a useful alternative to conventional measures such as gross domestic product (GDP) by incorporating the assumption that greater consumption means a better quality of life. However, country-by-country analysis suggests that this may not necessarily be the case….

A nation’s electricity consumption has been seen as a useful proxy for measuring economic growth offering a useful alternative to conventional measures such as gross domestic product (GDP) by incorporating the assumption that greater consumption means a better quality of life. However, country-by-country analysis suggests that this may not necessarily be the case….