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3. The quality of life in U.S. society can be adequately measured by the summation of...

3. The quality of life in U.S. society can be adequately measured by the summation of the profit and loss statements of all the business in the United States. Is this correct or incorrect and why?

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Answer #1

the given statement is false and this is because quality of life in United States is beyond the profit and loss statement where excess of profit can get to deliver income inequality as well at times and therefore if there is more profit that can be reduction in quality of life with increasing income inequality as well. There are many other factors which contribute the quality of life which include personal development, community relations, recreation, physical well being etc. That is the reason why disagree with the statement on the whole

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