ABSTRACT
Are wars good? Of course not. But do wars help the economy? The answer to this is also no. But could a war improve a country’s Gross Domestic Product? Well, yes. Gross Domestic Product (GDP) is one of the main measures of economic well-being and is the value of the new goods and services produced in a country within a year. So in wars, GDP will often rise. But GDP is limited in terms of thinking about well-being because it does not account for destruction. Naturally, in wars, much is destroyed.
