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Which of the following is an example of non-economic welfare?

Answer and explanation

Correct answer: Family security

Non-economic welfare refers to aspects of well-being that are not directly measured through money or market transactions. Family security provides emotional support, safety and stability, although it has no direct market price. Therefore, option C is correct. Business profit, wage income and market price are monetary or market-related concepts, so they represent economic measures rather than non-economic welfare.

Related tags

Family SecurityNon-Economic WelfareQuality Of LifeGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

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