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Which of the following statements is correct regarding Economic Development and Human Development?
- a)The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.
- b)In economic aspects human development is one of the essential elements.
- c)The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.
- d)The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Which of the following statements is correct regarding Economic Devel...
Understanding Economic Development vs. Human Development
Economic Development and Human Development are interconnected concepts that often get conflated, but they have distinct focuses.
The Role of Human Development
- Human Development emphasizes improving the quality of life and expanding people's capabilities, rather than merely increasing income.
- It includes access to education, healthcare, and a clean environment, which are crucial for individual empowerment and societal progress.
Economic Aspects as Essential Elements
- Option B correctly states that human development is an essential element of economic aspects.
- A strong economy can provide the resources necessary for education, healthcare, and social services, which ultimately enhance human development.
Income vs. Choices
- The premise of option C is valid: it highlights that it is the use of income that impacts human choices. Human Development focuses on how income translates into improved living conditions and opportunities rather than just the accumulation of wealth.
Development Goals and Wealth
- Option D suggests that the real wealth of a nation is its economy, which is a narrow view. While a strong economy is important, the goal of development should also include equitable distribution of resources and opportunities for all citizens.
Conclusion
- Therefore, option B stands out as the most accurate statement. It recognizes that while human development encompasses economic factors, it also extends beyond them to include broader aspects of human life, thus ensuring a holistic approach to development.
Economic Development and Human Development are interconnected concepts that often get conflated, but they have distinct focuses.
The Role of Human Development
- Human Development emphasizes improving the quality of life and expanding people's capabilities, rather than merely increasing income.
- It includes access to education, healthcare, and a clean environment, which are crucial for individual empowerment and societal progress.
Economic Aspects as Essential Elements
- Option B correctly states that human development is an essential element of economic aspects.
- A strong economy can provide the resources necessary for education, healthcare, and social services, which ultimately enhance human development.
Income vs. Choices
- The premise of option C is valid: it highlights that it is the use of income that impacts human choices. Human Development focuses on how income translates into improved living conditions and opportunities rather than just the accumulation of wealth.
Development Goals and Wealth
- Option D suggests that the real wealth of a nation is its economy, which is a narrow view. While a strong economy is important, the goal of development should also include equitable distribution of resources and opportunities for all citizens.
Conclusion
- Therefore, option B stands out as the most accurate statement. It recognizes that while human development encompasses economic factors, it also extends beyond them to include broader aspects of human life, thus ensuring a holistic approach to development.
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Community Answer
Which of the following statements is correct regarding Economic Devel...
- The basic difference between economic development and human development is that economic development entirely focuses on the increase of income whereas human development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.
- In the economic aspect human development is one of the essential elements. The basic idea behind this is that it is the use of income and not the income itself that decides the human choices. Since, the real wealth of a nation is its people; therefore, the goal of development should be the enrichment of human life.
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Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer?
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Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer?.
Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following statements is correct regarding Economic Development and Human Development?a) The basic difference between Economic development and Human development is that Human development entirely focuses on the increase of income whereas the economic development believes in expanding and widening all aspects of human life be it economic, social, political, cultural, etc.b) In economic aspects human development is one of the essential elements.c) The basic idea behind Human development is that it is the use of income and not the income itself that decides the human choices.d) The real wealth of a nation is its Economy; therefore, the goal of development should be the enrichment of the whole economy.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
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