The physical Quality of Life Index is an amazing attempt to measure the quality of life or to measure the well-being of a country. The value measured is the average of three statistics that are basic literacy rate, infant mortality, and life expectancy.
They are weighted on a scale of 1 to 100. Physical Quality Of Life was developed by the Overseas development council in the 1970s by Morris David Morris. It was developed because of dissatisfaction with the usage of GNP as an indicator of development.
How to calculate Physical Quality Of Life?
First, find the percentage of the population that is literate. Then find the infant mortality rate, and then life expectancy.
The formula for calculating PQLI is PQLI= (Literacy Rate + Infant Mortality Rate + Life Expectancy)
What are the advantages of Physical Quality Of Life?
The advantages of PQLI are that it aids in comprehending the economy’s well-being and the effectiveness with which the welfare measures are executed. This helps the government in implementing the required measures.
The method used to calculate, the PQLI is universally accepted. It may be used to compare other nations and enables comparatively grown countries to take required actions. The terms used to calculate the PQLI which are mortality rate, life expectancy, and literacy rate reflect the country’s population’s well-being.
It also helps in evaluating the country’s income, and these three parameters are quite considered to have a successful economy.
The Physical quality of life is an important component of a country’s development. It can be used to compare with other nations and improvise their methods and activities. The three parameters used in PQLI life expectancy, infant mortality, and literacy rate will help us to determine the country’s well being
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