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Your assignment is to prepare and submit a paper on economy and health. There is also a general bust in the infrastructural development with efficient resource allocation to the active macroeconomic s
Your assignment is to prepare and submit a paper on economy and health. There is also a general bust in the infrastructural development with efficient resource allocation to the active macroeconomic sectors (Rodrick &. Rosenzweig, 2009). Health sector on the other hand is a key component of any existing economy. Any existing economy stands because of the number of individuals that it supports. This population 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 ensures that a country operates with a healthy population in the process of striving to achieve economic growth to compete other nations. Other sectors that can be compared to the health sector include the education sector, agricultural sector and many others. The fundamental states or proves beyond reasonable doubt that at no point any of the above can survives if health does not exist because the all depend on a healthy population. From the definition of economics, therefore we can easily define health economics as the study of scarce resource allocation to the health industry (Culyer, 2000).
