Economics

Answer 1This has been a long established fact that bills washbowlnot grease wizs palms gaiety and economists have stand uped this proposition with the divine serve of empirical evidence . They conducted several surveys asking how prosperous they ar with their lives the result indicated that the average level of triumph has not augment over the past few years despite vainglorious increase in the per capita income of U .S . But now groundbreaking font economists and however psychiatrists have concluded that bills kitty buy joy and discarded the old proposition that in that respect is no positive correlation between money and happiness . harmonize to Dwight R . Lee there are both arguments which support the proposition that money can buy happiness . The intimately common argument is that , people realize to a grea ter extent happiness when their income increases more than other people in the physique meeting . People may not be happy even if their income increases in real terms but trunk less(prenominal) than the income of other people .

But this happiness will be interim because those who achieve a higher income will in brief find their happiness being lost all 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 co nverge a decline in their relative incomeAno! ther reason that money can buy happiness stems from the sensory adaptation to changing great 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: OrderCustomPaper.com

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