Money cannot buy all the goods and services that a person may need to live well Explain?
Answers
Answer:
Money cannot buy all the goods and services that a person may need to live well. Income by itself is not a completely adequate indicator of material goods and services that citizens are able to use. For example, normally, money cannot buy a pollution-free environment or ensure that a person gets unadulterated medicines, unless a person can afford to shift to a community that already has all these things. Money may also not be able to protect individual from infections, disease, unless the whole of our community takes preventive steps.
Answer:
(i) Money or material things that one can buy with it is one factor on which our life depends. But the quality of our life also depends upon non-material things like equal treatment, freedom, security, respect of others, etc.
(ii) Money cannot buy us a pollution free environment, unadulterated medicines, peace, etc.
(iii) There are many facilities like schools, colleges, parks, hospitals which an individual cannot afford. All these are to be provided by the government/society.
(iv) Money possessed by an individual even can not provide us a type of government which take decisions for the welfare of the common people.