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Distinguish between Human development and economic development.

+7 votes
asked Sep 23, 2016 in Economics by Rahul Roy (7,895 points) 31 96 261

1 Answer

+8 votes
answered Sep 23, 2016 by Abhishek Kumar (14,583 points) 5 9 34
selected Sep 23, 2016 by Rahul Roy
Best answer

Economic Development

Human Development

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

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

It focuses on the economy as a whole.

It focuses on just the human aspect.

It has a wider scope.

It is comparatively narrow in scope

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