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Why an increase in income does not necessary mean an increase in welfare of the people?
MateraFelix
There are many reasons why this might be the case; one of the simplest is inflation (meaning increase in how much things cost). If the rate of inflation is higher than the rate of increase in income, then you have more money but it buys less.
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∙ 13y ago
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An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
Why is increase in national income is necessary but not a sufficient condition for a rise in people's standard of living?
A rise in the national income is not necessarily a condition for the rise in people's standard of living. If the wealth is in the hands of a few, then most people's standard of living does not rise. In addition, if the population greatly increases, their is no rise.
Why per capita income is not a better tool to measure the welfare of the people?
Because of the distribution of the income Economy A 2 people income of person 1 = 1000 income of person 2 = 0 Per capita income is 500 Economy B 2 people income of person 1 = 500 income of person 2 = 500 Per capita income is 500
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
What happens to the poor people when they get rich?
to increase the income of people.it is the duty of govt
Is income paid by the government to people who need it to live?
welfare.
An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
Why is increase in national income is necessary but not a sufficient condition for a rise in people's standard of living?
A rise in the national income is not necessarily a condition for the rise in people's standard of living. If the wealth is in the hands of a few, then most people's standard of living does not rise. In addition, if the population greatly increases, their is no rise.
What causes Deflection?
the main causes of the inflation is increase in the percapita income and this results in increase in the standard of living of the people .. and the other one is increase in the percapita income in our country
What was the health insurance for welfare recipients?
People who collect welfare may be, based upon their income, also eligible for Medicaid. Medicaid is a joint federal/state healthcare program for the poor and is a type of welfare.
What does promote in general welfare?
Well the welfare of the people increase and people start to have a golden age. Golden age is when a lot of money is being raised. ~I'll beat u~
Income paid by the government to people who need it to live?
Welfare, assistance to needy families, supplemental security income, etc. are all non reportable income on the individual taxpayers income tax return.
Why per capita income is not a better tool to measure the welfare of the people?
Because of the distribution of the income Economy A 2 people income of person 1 = 1000 income of person 2 = 0 Per capita income is 500 Economy B 2 people income of person 1 = 500 income of person 2 = 500 Per capita income is 500
What is an increase in national income is a necessary but not a sufficient condition for a rise in people standard of living' discuss?
YES, this is because the incomes are not use judiciously for social amenities that can benefit the public, (People living in the country) and the is caused by corruption.
Why do you need democracy?
we need democracy because people belive sorting things.we need democracy because it is necessary for the people's welfare.
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
What happens to the poor people when they get rich?
to increase the income of people.it is the duty of govt
