Buy custom can money buy happiness
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2257 |
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Economist would see that there would a diminishing marginal utility, a principle that as more of a good is consumed, the consumption of additional amounts will yield smaller additions to utility. Combination with relative income effects, environmental disruption effects, and over-estimation of the excess burden of taxation, results in the over spending on private consumption and under provision of public goods and may make economic growth welfare reducing...
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Limitations of the existing research is that they exempt the demographic factors, including income, age, gender, race, education, and martial status, There is also evidence that the more materialistically inclined are less happy. People whose goals are intrinsic, for example, oriented toward self-acceptance, affiliation, and community felling, are happier than those whose goals are extrinsic such as oriented towards some external rewards such as financial success, popularity, and attractiveness...
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General points of the essay
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