Question

write difference between human development and economic development​

Answer 1

Answer:

(i)Human development means the well-being of people in its broad perspective e.g., economic, social and cultural. (i)Concept of economic development exclusively focus on the increase in income. (ii)Human development involves in raising the level of human well-being.

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Answer 2

Explanation:

• (i)Human development means the well-being of people in its broad perspective e.g., economic, social and cultural.

(i)Concept of economic development exclusively focus on the increase in income.

(ii)Human development involves in raising the level of human well-being

• The two-way relationship between economic growth and human development suggests that nations may enter either into a virtuous cycle of high growth and large gains in human development, or a vicious cycle of low growth and low rates of HD improvement.