Question

Mention any two factors other than national income which affect national welfare of a country.

Mention any two economic factors which affect national welfare.

Answer 1

Numerous variables or factors influence the welfare of the country. Here are two examples of such factors:

1. Inequality in the distribution of income and wealth.
2. Inflationary pressure in an economy.

A lower level of national well-being would result from rising income and wealth disparity, as well as rising inflationary pressure.