Business Macroeconomics
The capability approach is a theoretical framework that focuses on individuals' abilities to achieve well-being and quality of life, rather than just the resources they possess or their economic output. It emphasizes the importance of assessing people's capabilities, freedoms, and opportunities to lead fulfilling lives, offering a broader perspective on economic well-being beyond traditional measures like income or GDP.
congrats on reading the definition of Capability Approach. now let's actually learn it.