How do health and wealth influence eachother part 2! Flashcards
(6 cards)
What happens when health or wealth is missing(titles only)?
Poverty β Poor Health, Illness β Poverty
How does Poverty-Poor Health?
Poverty β Poor Health: Lack of clean water, sanitation, proper food, and medical care leads to higher rates of disease.
How does Illness-Poverty?
Illness β Poverty: Chronic illness or a health emergency can wipe out a familyβs savings, especially where healthcare isnβt free.
What are two real-world examples of health and wealth influencing one another in developing countries?
*People fall into poverty because of expensive medical treatments.
*Or they remain unemployed because of untreated health conditions.
What is a real-world examples of health and wealth influencing one another in developed countries?
*Longer life expectancy and better quality of life are strongly linked to higher incomes and better social systems.
How is the relationship between health and wealth involved in economics?
The relationship between health and wealth is a key part of βhuman capitalβ theory β where health is seen as an investment, just like education, that boosts a personβs ability to contribute to the economy.