Question:
Explain the role of affordable healthcare facilities in promoting human capital in a country.
Explain the role of affordable healthcare facilities in promoting human capital in a country.
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Affordable healthcare boosts human capital by improving health, productivity, and workforce participation.
Updated On: Feb 1, 2025
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Solution and Explanation
- Affordable healthcare is crucial for human capital development as it improves the health and well-being of the population, leading to a more productive workforce.
- Access to healthcare ensures that individuals are healthier, live longer, and are more able to contribute effectively to the economy.
- It also reduces absenteeism in workplaces and increases efficiency by minimizing the burden of disease and illness on the economy. Conclusion: Affordable healthcare plays a vital role in promoting human capital by improving health outcomes, thereby enhancing productivity and contributing to overall economic growth.
- Access to healthcare ensures that individuals are healthier, live longer, and are more able to contribute effectively to the economy.
- It also reduces absenteeism in workplaces and increases efficiency by minimizing the burden of disease and illness on the economy. Conclusion: Affordable healthcare plays a vital role in promoting human capital by improving health outcomes, thereby enhancing productivity and contributing to overall economic growth.
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