Question

"Expenditure on preventive medicine, curative medicine and social medicine helps in building human capital and economic development." Do you agree with the given statement? Give valid arguments in support of your answer.

Hint:

Investing in healthcare, both in terms of prevention and treatment, contributes to the development of human capital by improving health and increasing workforce productivity.

Answer 1

Yes, I agree with the statement. Investment in preventive medicine, curative medicine, and social medicine plays a significant role in building human capital and promoting economic development. 1. Preventive Medicine: By focusing on the prevention of diseases, it reduces the long-term healthcare costs, increases the life expectancy, and improves the overall productivity of the workforce. A healthy population contributes positively to economic development. 2. Curative Medicine: Ensuring access to curative services enables workers to recover from illness quickly, leading to fewer days lost to illness and a more productive workforce. 3. Social Medicine: Social medicine addresses public health issues such as sanitation, nutrition, and mental health. Improvements in these areas lead to better overall health, which enhances human capital and fosters economic growth.