FREE IGNOU BSOG-173 SOLVED ASSIGNMENT 2023-24

9. Welfare approach to development: The welfare approach to development emphasizes the importance of improving the well-being and quality of life of people as a central goal of economic development. Instead of solely focusing on economic growth and income generation, the welfare approach considers factors like education, healthcare, social services, and access to basic necessities as vital components of development.

This approach seeks to address the disparities between different segments of society, promote equality, and ensure that the benefits of development are distributed more equitably. By prioritizing the welfare of individuals and communities, this approach aims to create a sustainable and inclusive development process.