‘‘Money cannot buy all the goods and services that you may need to live well.’’ Explain the statement.



Points to Remember:

  • Money cannot ensure freedom or equality
  • Security and pollution-free environment
  • Need collective cooperation too.
  • Money ensures the quality of life.
  • Money cannot buy loyalty in friendship.

Answer to be written:

  • It is indeed true that money cannot buy all the goods and services that one may need to live well.
  • Money cannot ensure freedom in society or equal treatment by fellow members of society. The quality of life of people depends on equal treatment and freedom to live a happy life.
  • People seek security in society but providing security to each individual or house can be expensive compared to providing it to a whole community . Money cannot ensure that we live in a pollution-free environment . Money can help in reducing pollution but is not a solution.
  • Money ensures a better quality of life but not for everyone it is necessary and cheaper to provide a collective solution.
  • Money can attract people and their friendship but it cannot ensure the loyalty of the friends that they’ll provide help when you need it.
  • Hence money is important but other factors are important too.
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.