Assignment 2: lending institutions, health care, and human capital
2. Lower Healthcare Costs: Having a healthier population will also lead to lower healthcare costs as there will be less need for expensive treatments or medications due to fewer preventable illnesses or chronic conditions. This could potentially free up money that would otherwise be spent on health care and allow it to be used elsewhere in the economy such as investing in education, infrastructure or other public services.
3. Improved Quality of Life: A healthy population contributes positively towards a country’s overall quality of life by allowing individuals to live longer, healthier lives which can then lead to better educational outcomes and job opportunities down the line.
4. Greater Tax Revenues: Finally, having a healthy population leads to greater tax revenues for governments since more people are working and paying taxes compared with those who may not be able to do so due to poor health or disability. This additional revenue could then be used for various projects such as improving public transportation systems or creating new jobs which would further boost economic growth over time.