Question

4. Distinguish between human development and economic development.

Answer 1

Answer:

Explanation:

Human Development

: It refers to a continuous and sustained growth in an economy along with a general improvement in the overall standard of living in the nation. It refers to an improvement in the overall well-being and quality of life of individuals.

Economic Development

: focuses on the economy as a whole. Human Development focuses on just the human aspect. It has a wider scope. It is comparatively narrow in scope.

Answer 2

Answer:

Human Development  

(i) It is a broader aspect of development as it includes monetary as well as the non- monetary aspects.

(ii) It is the process of both quantitative and qualitative growth.

(iii) Human deveIopments is the end or the final goal of all development.

Economic development

(i) It is a narrow concept as it includes only the monetary aspects.

(ii) It includes only the quantitative growth .

(iii) It is a means to achieve human development.

Follow me