economics development

Question 1

what is economics development SEN and Todardo

Answer 1

-sen: process of improving peoples well being and quality of life, involving standard of living, reducing poverty, improved health and education along with increased freedom and economic development
-todardo: availability and distribution of life sustaining goods. increase in standards of living and expansion and social choices

Question 2

growth

Answer 2

-growth: higher incomes( jobs, qual of life, reduction in poverty) higher profits (tech and jobs), fiscal dividends (health, ed and infrastructure)
but: distribution of income, negative ext and sustainability, one dominant