The document discusses the limitations of using only economic or social indicators to assess a country's level of development. It introduces the Human Development Index (HDI), which considers economic, health and education factors. While HDI takes a more comprehensive approach, it may not fully capture a country's situation due to unreliable data, large informal economies, lack of incorporation of human rights, and other important aspects of well-being. Alternative indicators like GNH try to include additional factors, but do not address more pressing livelihood needs. An accurate portrayal of development is complex with no perfect measure.