Question

In: Economics

Q1. is there a positive connection between the material condition and quality of life? How can...

Q1. is there a positive connection between the material condition and quality of life? How can we deal with these two?

Solutions

Expert Solution

1. Material Conditions :- Material Conditions rely upon the forces of production or means of production and labor power. This comprises the machinery of production, including technology, factories, natural resources, labor force and other things.

Material conditions capture the consumption possibilities of people hence include their incomes, assets, consumption expenditure, working conditions, the housing land neighbourhood where they live.

2. Quality of Life:- Quality of life is the normal well being of people and positive features of life. It includes physical health, family, education, employment wealth safety, security of freedom and the environment.

Yes, there is a positive connection between the material conditions and quality of life. If we have better material conditions in the economy, we surely get the high quality of life. We can deal with the material conditions and quality of life by making proper balance in between two.


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