Question

"money in your pocket cannot buy all the goods and services that you may need to live well" is true or not? Explain

Answer 1

Answer:

• 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.
• Friends also play a very important role in our lives. We may desire there friendship in our lives.
• There are also many other non-materialistic things that are important in our lives but is ignored often.

• Money cannot buy us a pollution free environment, unadulterated medicines, peace, etc.
• There are many facilities like schools, colleges, parks, hospitals which an individual cannot afford. All these are to be provided by the government/society.
• 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:

Explanation:

Money cannot buy all the goods and services that you may 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 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. Money may also not be able to protect you from infectious diseases, unless the whole of your community takes preventive steps.