Economic Factors Flashcards
What can economic factors relate to and what can they determine?
Economic factors relate to a persons employment situation and financial resources. They can determine a persons lifestyle
What does a persons financial resources depend on?
Wealth, occupation and employment
What is wealth?
Wealth is the level of income or amount of personal wealth including non-essential valuable material possessions such as jewellery, cars and property
What is occupation?
Occupation is someone’s job role or status such as level of responsibility, expertise and salary
What are examples of employment/unemployment?
Part time, full time, self-employed, not being able to find work, being disabled or redundant, being reliant on state benefits
What is absolute poverty?
When someone has very little financial resources and don’t have enough money to meet their basic needs
What is relative poverty?
When someone has reduced financial resources and can only afford the essentials
What are some positive physical effects of economic factors on health and wellbeing?
better financial resources can result in good housing conditions and healthy diet
Manual jobs may improve muscle tone and stamina
What are some negative physical effects of economic factors on health and wellbeing?
low wages can affect diet and housing, leading to poor health
manual jobs can cause muscular and skeletal problems
desk jobs lead to less activity and weight gain
What are some positive intellectual effects of economic factors on health and wellbeing?
Better financial resources can result in more leisure time for intellectual activities
Work, education or training helps develop problem-solving and thinking skills
What are some negative intellectual effects of economic factors on health and wellbeing?
Some people work very long hours to improve finances, leading to less time for leisure activities and reduced learning opportunities
Being unemployed can result in poor mental health
What are some positive emotional effects of economic factors on health and wellbeing?
A well-paid job gives feelings of security
Being financially secure promotes positive self-concept
What are some negative emotional effects of economic factors on health and wellbeing?
Financial worries can result in stress and breakdown of relationships
Unemployment or low-status work can lead to low self-concept
What are some positive social effects of economic factors on health and wellbeing?
Better financial resources provide opportunities for socialising
Work gives opportunities for socialising with colleagues
What are some positive social effects of economic factors on health and wellbeing?
Better financial resources provide opportunities for socialising
Work gives opportunities for socialising with colleagues
