Health economics Flashcards
Who said “the greatest wealth is health”
Virgil
Who said “ It is health that is real wealth and not pieces of gold and silver”
Mahatma Gandhi
Who said “ The first wealth is health”
Ralph Waldo Emerson
Who said “ He who enjoys good health is rich, though he knows it not”
Italian Proverb
Is one of the most important ingredients in the development of nation
Health
“Hael”
Whole
According to him, Health is the general condition of the body and mind with reference to soundness of vigor, freedom from disease or illness
Urdang
Refers health is principally the normal functioning of the mind
Psychologist
Refers health to the body
Physician
Is a state of complete physical, mental and social well being and not merely the absence of disease or infirmity.
Health
is a branch of economics concerned with the formal comparison of costs and consequences of health care
Health economics
is a branch of social science that deals with the production, distribution, and consumption of goods and services and their management; concerned with the formal analysis of costs, management and consequences of social insurance for the ill and injured
Health Economics
is a state of well-being
Wellness
Ability to carry out daily tasks, achieve fitness, maintain adequate nutrition and proper food intake , avoid abusing drugs and alcohol or using tobacco products, and generally to practice positive lifestyle
Physical
The ability to interact successfully with people within the environment of which each person is a part of, to develop and maintain intimacy with significant others, and to develop respect and tolerance for those with different opinions and beliefs.
Social
The ability to manage stress and to express emotions appropriately
Emotional
Involves the ability to recognize, accept, and express feelings and to accept ones limitations
Emotional wellness
Ability to learn and use information effectively for personal, family and career development.
Intellectual
Involves striving for continued growth and learning to deal with new challenges effectively
Intellectual wellness
Belief in some forces that serve to unite human beings and provide meaning and purpose in life
Spiritual
Ability to achieve a balance between work and leisure time
occupational
Ability to promote health measures that improve the standard of living and quality of life in the community
environmental
according to him, mental health means living a happy, useful life, getting along with yourself and other people.
Karl menninger
can be defined as the presence of healthy reactions or the absence of pathological reactions
Mental health
studies the economic behavior of individual decision-making units such as consumers, resource owners and business firms
Microeconomics
can be described as one who is well-adjusted to the complexities and demand of his environment, emotional, and physical disorders
Mentally healthy individual
Refers to all man-made aids to production
Capital
Is a continuous process of attempting to overcome these inner and outer obstacles for the satisfaction of physiological, psychosocial and social needs
adjustment
Aims to develop theories, principles and models which are abstractions and generalizations of reality that can be applied in resolving or alleviating specific problems and in furthering the realization of society’s overall goals
Economics
Is the study of economy as a whole
Macroeconomics
refers to all natural resources, which are usable in the production prcess.
Land
Is a person who sets up a firm by combining and organizing land, labor and capital to supply a good or service that he thinks society wants.
Entrepreneur
refers to all the physical and mental efforts of man, which can be used to produce goods and services
Labor
Affects each individual. it is like the time used by an individual
Scarcity
It is indeed an economic problem as a whole
Scarcity
production for raw materials through
extraction or derivation from nature
PRIMARY
manufacturing and processing,
i.e., conversion of raw materials to finished goods
SECONDARY
rendering or provision of services
TERTIARY
the final
stage in the economic cycle where
the population or individuals (or
enterprises) use(s) the goods or
services to satisfy their needs or
wants
- CONSUMPTION
transportation of economic
goods from production to consumption
- DISTRIBUTION -
mechanism or medium applied
upon the transfer of economic goods from supplier
to consumer
EXCHANGE
income
generation
TAXATION -
monitoring
and control of business
activities
REGULATION
Incorrectly assuming that, because one event occurred before another
event, the first event caused the second event.
POST HOC FALLACY
Assuming that what is true for a part is true for the whole. Just because
it works for one, does not mean it works for everything else.
FALLACY OF COMPOSITION
