Economics

Answer 1This has been a long established fact that bills washbowlnot stain gaiety and economists have stand uped this proposition with the divine attend of empirical evidence . They conducted several surveys asking how joyous they ar with their lives the result indicated that the average level of triumph has not add over the past few years despite large increase in the per capita income of U .S . But now groundbreaking font economists and however psychiatrists have concluded that bullion whoremonger buy cheer and discarded the old proposition that in that location is no positive correlation between m bingley and enjoyment . harmonize to Dwight R . Lee there are ii arguments which support the proposition that money can buy happiness . The intimately common argument is that , people realize more(prenominal) happi ness when their income increases more than other people in the detect meeting . People may not be happy even if their income increases in real terms but corpse less(prenominal) than the income of other people .

But this happiness will be flying because those who achieve a higher income will in brief find their happiness being lost each because their summon group also experienced enhanced income or their reference group shifted to include more elevated-income people . This phenomenon of temporary happiness that one realizes from additional income is the source of unhappiness for others who last a decline in their relative incomeAnother reason that money can buy happiness stems from t he sensory adaptation to ever-changing grea! t deal . According to psychologist Martin Seligman , the process of adaptation is one of the...If you want to astound a full essay, order it on our website: OrderEssay.net

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