Question

distinguish between economic development and human development

Answer 1

Economic development and human development are both measures that are used to determine the overall development in a country or region. Measures of economic development are very broad and include a wide spectrum of elements such as economic growth (measured by GDP), standards of living, infrastructure, international trade, environmental health, public safety, social justice, life expectancy, literacy, health, etc. Human development is a component that makes up economic development. A country’s GDP does not take into consideration people’s health, education or standard of living. Hence measures such as HDI, GEM, and HPI were developed to measure human development in terms of health, education, standard of living, income, poverty, gender equality, etc. Human development can lead to economic development, as when more people have better education, health and standard of living that will increase the levels of productivity, investment and economic growth which can eventually result in economic development

Answer 2

Answer:

Economic development:

• it deals with per capita income or average income.
• it deals with only monitary  aspects.
• it deals with an quantative aspect.
• it is a narrow concept.

• economic development report is issued by world bank by comparing countries based on per captia income.

Human development:

• it deals with education,health,standard of living rights of people.
• it includes monitary and non-monitary aspects
• it deals with qualitative and quantiative aspect.
• it is broder concept.
• the human development report is recieved by union nation development programme(UNDP)countries based on education,health and per capita income.

Explanation: