Distinguish between human development and economic development.
Distinguish between human development and economic development.
Human Development
It relates to an economy’s continuous and sustainable development including a general improvement in the country’s overall quality of life. It refers to increase in individuals’ overall well-being and standard of living. Human development is a technique of enlarging the range of people’s choices, increasing their opportunities for education, health care, income, overall development and fulfilling necessities of humans and empowerment and covering the full range of human choices from a sound physical environment to economic, social and political freedom.
Economic Development
It depends on the entire economy. Human Development depends on only the human aspect of development. It’s got a broader scope. The reach is relatively low. In words of economic development, it showcases various options for human resources in particular and individuals in general. The investment in human capital is one of the most prominent factors that affect economic development.
Check out the video given below to know more about human resource development
Human Development
It relates to an economy’s continuous and sustainable development including a general improvement in the country’s overall quality of life. It refers to increase in individuals’ overall well-being and standard of living. Human development is a technique of enlarging the range of people’s choices, increasing their opportunities for education, health care, income, overall development and fulfilling necessities of humans and empowerment and covering the full range of human choices from a sound physical environment to economic, social and political freedom.
Economic Development
It depends on the entire economy. Human Development depends on only the human aspect of development. It’s got a broader scope. The reach is relatively low. In words of economic development, it showcases various options for human resources in particular and individuals in general. The investment in human capital is one of the most prominent factors that affect economic development.
Check out the video given below to know more about human resource development
