distinguish between human development and economic development?
please for 5 marks.
5 points of difference of both.
don't copy from any source.please
Answers
Answer:
Human development is the development of an individual's overall well-being while economic development primarily deals with the development of economic spheres of a nation as a whole. Explanation: Human development can be understood as the development of an individual's overall well-being.
Explanation:
Economic development is dependent on the capabilities of the population and human development is based on the presence of resources and opportunity that the economy creates. Economic development is deeply and fundamentally impacted by a populations education and related social structures in order to thrive.
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.
(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.
Answer:
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Explanation:
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