Evaluate Sen’s Capability Approach of economic development by creating an overview of the theory. Write two to three paragraphs on the theory. In your answer, you should refer to the following aspects and answer the following questions:Why is it referred to as the capability approach?What are the functionings that Sen refers to?According to Sen, what are the five sources of disparity between real incomes and actualadvantages of commodities?

Answered: Evaluate Sen’s Capability Approach of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Evaluate Sen’s Capability Approach of economic development by creating an overview of the theory. Write two to three paragraphs on the theory. In your answer, you should refer to the following aspects and answer the following questions:

Why is it referred to as the capability approach?
What are the functionings that Sen refers to?
According to Sen, what are the five sources of disparity between real incomes and actual

advantages of commodities?

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Step 1: Define The Capability Approach

The capability approach is a theory of human development that was created by Amartya Sen. It depends on the possibility that what makes a difference for individuals' well-being isn't simply their income or wealth, yet their capacity to do and be the things that they value.

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