According to Amartya Sen, Development Should Be

question 98

Multiple Choice

According to Amartya Sen, development should be:

• A) seen as a process of expanding the real freedoms that people experience.
• B) seen as a non-political concept that focuses on the net income of a country.
• C) should be viewed as a purely economic process.
• D) assessed by material output measures such as GNI per capita.

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Definitions:

Discount

Generally a reduction in price or value. In finance, a reduction in the present value of a future sum due to the action of interest.

Net

Refers to the amount remaining after all deductions are made, such as taxes, expenses, and costs.

Short-Term Debt

Debts due for payment within the next fiscal year.

Financing

The act of providing funds for business activities, making purchases, or investing, through various means such as loans, equity, credits, or grants.