Question

2. Show how cost-benefit analysis can be used in explaining the family size among
poor households.
​

Answer 1

Cost-benefit analysis can be explained as follows:

Explanation:

• Due to rates of unemployment rising in the country ,purchasing power of people is decreasing.
• Now you already have a limited and calculated amount of resources to spend.
• A large family means more number of children.
• Now more children means more cost of education and we know high fee structure of schools ,more food ,more place to live and more clothes to wear.
• All of these resources have a price tag which increases year by year and you already have a limited amount of resource.
• So either you lower standard of your living or keep a small family.
• Cause cost wise too ,its only option for a happy and prosperous life.