Chapter 1 · Question 2
Why is income an important but incomplete measure of development?
Answer
Direct Answer
Income is important because it helps people buy goods and services, but it is incomplete because development also depends on health, education, security, equality, freedom, and environmental quality. Two regions with similar income may differ greatly in public facilities and quality of life.
Simple Explanation
Income is important because it helps people buy goods and services, but it is incomplete because development also depends on health, education, security, equality, freedom, and environmental quality. Two regions with similar income may differ greatly in public facilities and quality of life.
Exam-Ready Structure
Income is important because it helps people buy goods and services, but it is incomplete because development also depends on health, education, security, equality, freedom, and environmental quality. Two regions with similar income may differ greatly in public facilities and quality of life.
Key Points
- Income is important because it helps people buy goods and services, but it is incomplete because development also depends on health, education, security, equality, freedom, and environmental quality.
- Two regions with similar income may differ greatly in public facilities and quality of life.