What do you understand by Capabilities Approach? Discuss the basic concepts of Capability Approach.

The Capabilities Approach is a theoretical framework for evaluating social and economic arrangements, created by economist and philosopher Amartya Sen, and further developed by Martha Nussbaum. The basic idea behind this approach is to focus on what individuals are actually able to do and be, rather than on what they have, in terms of resources, income, or opportunities.

According to the Capabilities Approach, individuals have a set of basic capabilities that are necessary for a good life, such as the ability to be healthy, to learn, to express themselves, to participate in social and political life, and to live with dignity. These capabilities are not just means to an end, but are valuable in themselves, and are closely related to the concept of human rights.

The Capabilities Approach emphasizes the importance of recognizing and valuing individual diversity, and of providing opportunities for individuals to develop and exercise their capabilities. It emphasizes the importance of social and economic ________ ___ ________ __________ ___ ___ ___ _____ ________.
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