“Money in your pocket cannot buy all the goods and services that you may need to live well.”

cbse
economics
cbse-class-10
cbse-class-10-social
economic-development

#1

“Money in your pocket cannot buy all the goods and services that you may need to live well.” Is it true or not? Elucidate.

Answer:
Income by itself is not a completely adequate indicator of material goods and services that citizens are able to use. Normally, money cannot buy us a pollution-free environment or ensure that we get unadulterated medicines. Money may also not be able to protect you from infectious diseases, unless the whole of your community takes preventive steps.