Economics · Human Development
Which one among the following statements regarding 'human development' is not correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Under the Welfare Approach to Human Development, the Government protects and promotes private entrepreneurs to maximize expenditure on welfare.✓
- 2The Human Poverty Index measures the shortfall in human development.
- 3The Basic Needs Approach to Human Development was initially proposed by the International Labour Organization (ILO).
- 4The basic concept of the Income Approach to Human Development is that the level of income reflects the level of freedom an individual enjoys.
Correct answer
Under the Welfare Approach to Human Development, the Government protects and promotes private entrepreneurs to maximize expenditure on welfare.
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