+91 70111 97831
  • About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Testimonials
  • Contact us
Monday, March 27, 2023
International Magazine
Business Connect  | Best Business magazine In India
Upcoming Event
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Latest Edition
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Latest Edition
  • Launchpad
  • Blogs
  • Testimonials
No Result
View All Result
Business Connect  | Best Business magazine In India
No Result
View All Result
Home Healthcare

Correlation between Health & Economy: How Investment in Health reflects on Economy

admin by admin
October 17, 2020
in Healthcare
Investment
Share on FacebookShare on Twitter

Correlation between Health & Economy: How Investment in Health reflects on Economy

By: Ashwathy Nair

There is a well-understood relationship that when you are healthy, automatically the country’s economy improves as well, your health performance is fully reflected in both the economy and health systems. As a healthy population, one can make an important contribution towards economic progress because the population that is healthy, lives more and are considered more productive. Investment in health is not only a desirable priority for most communities but also an important one, as it reflects on the economy. However, our health systems also face challenges that are daunting as well as complex, arising in part from new stresses such as ageing populations, the increasing prevalence of chronic diseases, and the intensive use of costly but critical health technologies.

RelatedPosts

Is Pfizer’s 95% effective COVID-19 new drug the first-ever genuine ray of hope?

THE EMERGENCE OF AI IN HEALTHCARE: TECHNOLOGY DEVELOPMENTS IN HEALTHCARE IN 2021

Covaxin vs Covishield: What we know about India’s COVID-19 vaccines?

A healthier individual affects the Economy in the following ways:

  • At work, a healthier individual can be more productive and earn higher incomes.
  • A healthy person may spend more time in the labour force as compared to a less healthy individual who often takes sick leave or retires early.
  • They will invest more in the process of learning new things in order to improve their efficiency.
  • In anticipation of a longer life, a healthy individual may save more by raising the funds available to invest in the economy.

In order to briefly explain the relationship between health and economic development, the concept of health needs to be understood in a broad sense. When we speak about health, it is not just the absence of diseases, but also people’s capacity to grow during their lives to their potential. In combination with that welfare, an asset possessed by individuals has a significant source of well-being as well as instrumental importance. In terms of health, economic development is affected by health in a variety of ways. For example, it decreases production losses due to sickness of a worker, often increases adult productivity as a result of improved nutrition and lower absenteeism rates, and improves school children’s learning. Health also agrees with the use of natural resources that may usually be intended for ill health care.

Health has its consequences directly through worker productivity and the economic burden of diseases on economic development. Health also indirectly influences economic development as factors such as child health influence people’s potential incomes through the effect that health has on education. If we take up a household example that is observed on a family basis, this sort of indirect effect is much easier to understand. When a family is safe, the father and mother will both have a job and earn money that helps them to eat, protect, and send their children to school. Children would do well in school if they are safe and well-nourished and this will have a positive effect on their future income. The lack of health often affects the poor to a great degree, as their body is often the only commodity they have.

The correlation between Health and Economy goes hand in hand as the importance of investment in health refers to the betterment of economic development because a healthier individual can help to increase both the number of hours worked as well as the probability that they will be employed.

Previous Post

Encounter of Alvis Lazarus with a wild tiger in a cave

Next Post

Nutritious And Delicious Food Grabs From Odisha

Next Post
Nutritious And Delicious Food Grabs From Odisha

Nutritious And Delicious Food Grabs From Odisha

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Business Connect India

World TB Day 2023: History, Theme, Significance, and Prevention

World TB Day 2023: History, Theme, Significance, and Prevention

Hindenburg Research Promises Another Bombshell Report: Who's Next on the Hit List?

Hindenburg Research Promises Another Bombshell Report: Who’s Next on the Hit List?

Job listing platform, Indeed, to cut 2K+ jobs

Job listing platform, Indeed, to cut 2K+ jobs

Recommended

cloudeye- Cloud Computing Company In India | Business Connect Magazine

CLOUDEYE TECHNOLOGIES

Fatora.io, Qatar's top payment gateway provider

Fatora.io, Qatar’s top payment gateway provider

Most Popular

Latest Edition

Business Connect India

World TB Day 2023: History, Theme, Significance, and Prevention
News

World TB Day 2023: History, Theme, Significance, and Prevention

Hindenburg Research Promises Another Bombshell Report: Who's Next on the Hit List?
News

Hindenburg Research Promises Another Bombshell Report: Who’s Next on the Hit List?

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Recent News

Business Connect India

World TB Day 2023: History, Theme, Significance, and Prevention

World TB Day 2023: History, Theme, Significance, and Prevention

Contact Information

Address: 807, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail: abhishek@businessconnectindia.in / events@businessconnectindia.in

Contact to Get Feature as Guest Post : info@businessconnectindia.in

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
  • Interior Design
  • Press Release
    • PR Enquiry
  • Success Stories
  • Latest Edition
  • Launchpad
  • Blogs
  • Testimonials

© 2020 All Rights Reserved by Business Connect India

', 'auto') ga('send', 'pageview')
Need Help? Chat with us
Start a Conversation
Hi! Click one of our member below to chat on Whatsapp
The team typically replies in a few minutes.
Ashish Kumar
Sales & Support