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The Capability Approach to Economic Welfare
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What is the central idea of the capability approach?
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A
Well-being is determined by the capabilities that people have.
💡 Explanation:
The capability approach argues that well-being is determined by the capabilities that people have, rather than the resources they possess. Capabilities are the things that people are able to do or be, such as being able to live a long and healthy life, being able to participate in society, and being able to choose how to live their lives.