Economy and Health Research Paper Example | Topics and Well Written Essays - 1000 words

providence and Health - Research Paper ExampleThere is also a general bust in the infrastructural development with efficient resource storage allocation to the active macroeconomic sectors (Rodrick & Rosenzweig, 2009). Health sector on the some other hand is a key component of any existing economy. Any existing economy stands because of the issue of individuals that it supports. This creation supports the given economy. Population has to exist for an economy to realize economic development and growth. The existing population must be managed well to facilitate the above objectives (Layard, 1986). Health checkers that a country operates with a red-blooded population in the process of striving to achieve economic growth to compete other nations. otherwise sectors that bed be compared to the wellness sector include the education sector, agricultural sector and many others. The primaeval states or proves beyond reasonable doubt that at no point any of the above can survives if h ealth does not exist because the all depend on a bouncing population. From the definition of economics, so we can easily define health economics as the study of scarce resource allocation to the health industry (Culyer, 2000). ... It is also the duty of any government in the contemporary world to check out the health of its citizens at all lives. Health economics sees on how the few resources can be allocated to ensure that provision of health benefits is maximized (Rodrick & Rosenzweig, 2009). The optimization point is the point when the fringy cost of providing health is equal to the marginal benefits of the healthy provision itself. In trying to analyze the cost allocation of the various resources to be allocated to the healthy sector a thorough cost analysis has to be done and then a cost effectiveness statement be developed (Wise, 2004). Several research works tolerate been undertaken relating to riches and health. The researches have been conducted in both developing co untries and developed countries as well. In the developed countries, it is found out that precedential citizens can comfortably afford healthcare and in fact, the most appropriate care since they have the wealth and since they keep increasing their level of disposable income as they age (Culyer, 2000). The developing countries it is the reverse since majority of citizens in such countries are extremely poor. Only a few rich individuals can afford the health care services in such states hence a great burden on the government. millennium development goals advocate for six major pillars as follows that the world will be in the property of providing adequate healthcare, that food will be in abundance, industrial and technological advancement will be at the peak, that the level of education will allow people to be able to perform or engage themselves in basic reading (Henderson, 2011). In addition, it advocates for international peace through peaceful coexistence among nations,