Economics · Development Economics
According to Amartya Sen's Capability Approach to development:
- 1Higher inflation creates economic opportunities to expand capabilities.
- 2Utility maximization through consumption is the sole objective of development.
- 3Income is a means to an end, and expanding human capabilities/welfare is the ultimate end.✓
- 4Human beings are merely means to achieve economic growth.
Correct answer
Income is a means to an end, and expanding human capabilities/welfare is the ultimate end.
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