Which concept encompasses GDP increase, poverty reduction, improved living standards, and human capital enhancement?

💡 Explanation:

Economic Development is a comprehensive concept that includes economic growth (a quantitative rise in output/GDP) along with qualitative improvements in socio-economic factors such as reduction in poverty, increase in life expectancy, literacy rates, and enhancement of human capital and living standards. Economic Growth (A) is the quantitative aspect, while Sustainable Development (B) explicitly includes environmental protection, and GNP (D) is a measure of output/income.