Question

"Money cannot buy all goods and services that a person may need to live well." Explain the statement with suitable examples.
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Answer 1

Explanation:

Money cannot buy all the goods and services that you may need to live well. ... For example, normally, your money cannot buy you a pollution-free environment or ensure that you get unadulterated medicines, unless you can afford to shift to a community that already has all these things.

Income by itself is not a completely adequate indicator of material goods and services that citizens are able to use.

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