Question

Money in your pocket cannot buy all the goods and services explain with example

Answer 1

(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.

Answer 2

Answer:

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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.