Capability Approach
Characteristics
From the Wikipedia: Capability approach:
Initially Sen argued for five components in assessing capability:
- The importance of real freedoms in the assessment of a person's advantage
- Individual differences in the ability to transform resources into valuable activities
- The multi-variate nature of activities giving rise to happiness
- A balance of materialistic and nonmaterialistic factors in evaluating human welfare
- Concern for the distribution of opportunities within society