Name: Tutor Course Date: Money and Happiness The question of whether money can buy happiness or whether happiness comes indirectly from a higher rank has brought about several debates. The term happiness can have several meanings for different individuals when its definition is based on the achievement and fulfillment of one's needs. If people would not be basing happiness on the socioeconomic status, then there would not be several unhappy people in the society. The concept of money and happiness are normally assumed to be linked. People believe that more money leads to more happiness. The absolute income hypothesis shows that richer people are happier than the poor in the same society. In...
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