Greater income is mostly considered as important goal of human beings. why do you think so
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Answer: Greater income is an important economic goal because: a. It serves as an important tool of comparing different nations and classifying them as rich countries or low income countries.
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1》In a traditional method of computing the economic development, income is considered important.
2》Based on the assumption that a higher income will result in higher disposable income for the people to get access to main utilities of life and some luxury goods as well.
3》The higher the income, the better it is for an individual to consume more.
4》This is the reason that higher income is considered an important goal
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