money in your pocket cannot buy all goods and services explain with an example
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money in your pocket cannot buy all the goods and services that you need to live well. so income by itself is not a completely adequate indicator of material goods and services that citizens are able to use. for example , normally your money cannot buy a pollution free environment .
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(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.
(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.
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