AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
No, I do not fully agree. While income is important, it is not sufficient to judge a person's well-being.
Example 1 — Public Health: Money alone cannot protect a person from infectious diseases. Unless the entire community takes preventive steps collectively, an individual's income cannot ensure a pollution-free environment or unadulterated medicines. Kerala's low Infant Mortality Rate is due to public health facilities, not just higher incomes.
Example 2 — Security and Respect: A high-paying job without job security reduces one's sense of freedom and security. Similarly, equal treatment and freedom from discrimination are goals that income alone cannot fulfil. These non-material aspects deeply affect quality of life.
Source: Understanding Economic Development, Chapter 1, Sections — "Income and Other Goals" and "Public Facilities"
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