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“Money cannot buy all the goods and services that one needs to live well” Do you agree with this statement? Justify your answer with any three suitable arguments.

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Yes, we agree with the statement that money cannot buy all the goods and services that one needs to live well because of the following reasons.

  • Money can buy things that can be one factor on which our life depends like food. But the quality of non-material things like freedom, security and respect cannot be bought with money.
  •  We cannot buy pollution free environment, unadulterated medicines and peace with money. 
  • Schools, colleges, parks, hospitals, etc. are the facilities which cannot be run individually. There has to be a collective effort of team work between the government or society in providing these to the general public.

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