Question

"Is income an adequate indicator of goods and services that people use"​

Answer 1

Answer:

Yes, income is an adequate indicator of goods and services that people use.

Goods and services that are used by people is greatly affected by income

Those with high income sought for high quality goods and world class services for services like- telecommunication, education and healthcare.

While those with low income sought for cheap goods and services.

They go for basic education,telecommunication and healthcare services.

Thus we can conclude from the above given points that income is indeed an adequate indicator of goods and services that people use.

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