People who have a higher income generally have better health than those who live in poverty. The reason for this is that people with more money have more access to quality medical care and can afford healthier food.
There is a direct relationship between health, labor, productivity, and income levels. If a person is healthy they can work, be more productive, and therefore make more money.
Obviously, there is a close relationship between low income and health. With having low income, your life style will be quite different from those of higher income strata. With low income you will be forced to pay lesser attention to health of self and your family members. This in turn will be evident in your escalated medical expenses. In a family with low income of a developing country, children and pregnant women suffers from malnutrition,which is reflected in their over all health.
relationship of health and economics relationship of health and economics relationship of health and economics
For inferior goods, there is an inverse relationship between the demand for the good and income.
a direct relationship.
Strong and positive
Strong and positive
Though they shouldn't have a direct relationship, higher income usually means higher political power these days.
higher income, more luxery goods. not rocket science.
There is a strong relationship between health labor productivity and income levels because healthier individuals tend to be more productive in their jobs, leading to higher economic output. Improved health reduces absenteeism, enhances cognitive function, and increases overall work efficiency, which contributes to higher income levels. Moreover, higher income allows for better access to healthcare, nutrition, and wellness resources, creating a positive feedback loop that further boosts health and productivity. Thus, investments in health can lead to substantial economic benefits.
In economics, there is an inverse relationship between consumer demand and income levels for inferior goods. This means that as income levels increase, the demand for inferior goods decreases, and vice versa.
health is wealth. the individual of a community suppose to be the root of the community at large