Economy, asked by ghimireankit456, 1 month ago

what is the role of health in economics

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Answered by ashauthiras

Answer:

Health economics is a branch of economics that examines as well as evaluates issues related to efficiency, effectiveness, and value of resources in health and health care. The development and adoption of these technologies are costly, which has led to increased health care costs.

Health economics is a branch of economics concerned with issues related to efficiency, effectiveness, values, and behavior in the production and consumption of health and health care.

Answered by ananyanaskar28

Answer:

The role of health in economic development is analyzed via two channels: the direct labor productivity effect and the indirect incentive effect. The labor productivity hypothesis asserts that individuals who are healthier have higher returns to labor input.

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