Question

Heyy Guys ☺

Today's question !

Distinguish between human and economic development
( 5 marks )​

Answer 1

Economic development

1. It refers to continuous and sustained growth in economy along with a general improvement in all over standard of living in the nation

2. Economic development focuses on economy as whole.

3. It has wider scope.

Human development

1. It refers to an improvement in overall well - being and quality of life of individuals.

2. Focuses on just the human aspect.

3. It is comparatively narrow in scope

Answer 2

Explanation:

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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.