Married men on average earn more income
Studies indicate that married men on average earn more income than unmarried men of the same age?
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Correlation does not necessarily mean that there is causation. The relationship might be entirely coincidental/dependent on various other factors which is not incorporated in the analysis. It is also possible that higher income is the variable that “causes” marriage.
Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.
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