Question

Distinguish between Human Development and Economic Development.

Answer 1

Human development refers to development in accordance to prospects like sanitation, education, medication and other spheres like living in a discrimination free community

Economic development is increase in income or profit

Answer 2

Human development grew out of global discussions on the links between economic growth and development during the second half of the 20th Century. By the early 1960s there were increasingly loud calls to “dethrone” GDP: economic growth had emerged as both a leading objective, and indicator, of national progress in many countries i, even though GDP was never intended to be used as a measure of wellbeing ii. In the 1970s and 80s development debate considered using alternative focuses to go beyond GDP, including putting greater emphasis on employment, followed by redistribution with growth, and then whether people had their basic needs met.

Economic development is the process by which a nation improves the economic, politics, and social well-being of its human. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries.