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6) Two families with equal income may not have same level of quality of life." Justify the statement.​

User Eppz
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1 Answer

6 votes

Answer:

Two families having the same economic source and earning the same amount may have different quality of life for the following reasons

1. Prior Commitments- A family may have ongoing bank and personal loans which

have to be repaid.

2. Different Priorities- A family may have separate priorities. They may save more than they spend. They may invest the money somewhere else.

3. Distinctive requirements- Health conditions and education are pressing situations and a family may have this condition where the greater amount is saved for supporting the education of their children or for medical reasons.

User Cornel Marian
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