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Distinguish between Human development and economic development.

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+7 votes
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asked Sep 23, 2016 in Economics by Rahul Roy (7,895 points) ● 33 ● 120 ● 329

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+8 votes
answered Sep 23, 2016 by Abhishek Kumar (14,593 points) ● 5 ● 9 ● 37
selected Sep 23, 2016 by Rahul Roy
 
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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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