Abstract
It has been widely believed that GDP is the most reliable indicator to evaluate the progress of the society. These days, the women, participating in the business sector and adding the economic value to GDP, are perceived in a positive way to have contributed to our society by many Japanese research works. On the other hand, such research results tend to regard homemakers as unproductive because these homemakers just stay in their domestic community and do not create any market value. However GDP does not reflect social losses or negative effects caused by business activities against people in community such as, for instance, children's quality of life. At the same time GDP does not count any positive values contributed by, for instance, various unremunerated work of homemakers in their domestic communities, either. This paper considers ways in which the true economic impact of the non-market activities might be more accurately assessed. Alternative measurements are thus presented and utilized herein to analyze the positive economic and social value generated by the above.
