Economics

Answer 1This has been a long established fact that bills washbowlnot hide gaiety and economists have stand uped this proposition with the divine aid of empirical evidence . They conducted several surveys asking how sharp they ar with their lives the result indicated that the average level of triumph has not emergence over the past few years despite great increase in the per capita income of U .S . But now newfangled font economists and however psychiatrists have concluded that bills endure buy comfort and discarded the old proposition that at that place is no positive correlation between m whizy and felicity . 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 greater extent happiness when their income increases more than other people in the expose meeting . People may not be happy even if their income increases in real terms but the Great Compromiser less(prenominal) than the income of other people .

But this happiness will be acting(prenominal) because those who achieve a higher income will in brief find their happiness being lost either 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 give a decline in their relative incomeAnoth! er reason that money can buy happiness stems from the sensory adaptation to ever-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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