Question

Distinguish between human and economic development

Answer 1

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.

hope it helps..