Economics · Human Development
Which one of the following statements regarding 'Human Development' is not correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Capability Approach to Human Development is closely associated with Prof. Amartya Sen.
- 2Under the Welfare Approach to Human Development, the Government protects and promotes private entrepreneurs to maximize expenditure on welfare.✓
- 3Basic Needs Approach to Human Development was initially proposed by the International Labour Organization (ILO).
- 4The basic concept of 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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