The two families having the same economic source may have different quality of life?
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Answer:
There are many factors that can create or not create quality of life for two different families tat have exactly the same income.
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Two families having the same economic source and earning the same amount may have different quality of life for the following reasons-
1. Prior Commitments- A family may have ongoing bank and personal loans which have to be repaid.
2. Different Priorities- A family may have separate priorities. They may save more than they spend. They may invest the money somewhere else.
3. Distinctive requirements- Health conditions and education are pressing situations and a family may have this condition where the greater amount is saved for supporting the education of their children or for medical reasons.
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