Capability Approach

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Characteristics

From the Wikipedia [1]:

Initially Sen argued for five components in assessing capability:

  1. The importance of real freedoms in the assessment of a person's advantage
  2. Individual differences in the ability to transform resources into valuable activities
  3. The multi-variate nature of activities giving rise to happiness
  4. A balance of materialistic and nonmaterialistic factors in evaluating human welfare
  5. Concern for the distribution of opportunities within society

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