Economic Development
The capability approach is a theoretical framework developed by economist Amartya Sen that emphasizes individuals' abilities to achieve well-being and realize their potential. It shifts the focus from traditional measures of economic development, such as income or wealth, to the actual capabilities and freedoms people have to live the lives they value. This approach is particularly relevant in discussions around poverty reduction strategies and gender equality, as it recognizes the multifaceted nature of well-being beyond mere economic indicators.
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