Increase in per capita real income means increase in per capita availability of goods and services Does it necessarily - Economics - Determination of Income and Employment

Question

Increase in per capita real income means increase in per capita
availability of goods and services Does it necessarily mean rise in
the welfare of the people of the country? Give any one argument in
support of your answer and explain the same

Vanita Rana · Accepted Answer

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Increase in per capita real income means increase in per capita availability of goods and services. Does it necessarily mean rise in the welfare of the people of the country? Give any one argument in support of your answer and explain the same.