Differentiate Among the "Three Rs" by LaFasto and Larson

question 4

Essay

Differentiate among the "three Rs" by LaFasto and Larson.How can you use each of these to promote excellence within an organization?

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Definitions:

Economic Well-Being

A measure of how well an individual or a society satisfies their needs and wants through the allocation of available resources.

Leisure Time

Free time that an individual can spend as they wish aside from their employment obligations or essential activities.

GDP Deflator

A parameter representing the price level of all new, home-grown, final goods and services in a nation's economy.

Real GDP

Real GDP, factoring in inflation to more accurately reflect the true scale of an economy and its development over periods.