distinguish between human devlopment and economic devlopment
Answers
Answer:
Explanation:
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 deveIopment 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.
Economic development refers to the improvement of the overall economic wealth of a country. ... Human development is the process in which an individual's freedom, opportunities and wellbeing are continuously improved. • Human development is measured by the Human Development Index