SSC MTS EXAM

SSC

GENERAL ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is an example of a non-material living standard
A
Freedom of speech
B
Owning a car
C
Variety of good food
D
Having shelter
Explanation: 

Detailed explanation-1: -Material living standards refer to our access to physical goods and services. The car we drive, the house we live in and the food we eat are all examples of physical possessions that contribute to our material living standards.

Detailed explanation-2: -It measures both material poverty – such as food, water, sanitation and clothing; and non-material poverty – such as relationships, voice, and time-use. It also assesses education, health and work – not only in term so access but in terms of quality and outcomes.

There is 1 question to complete.