How can healthcare expenditures be viewed as similar to othe

How can healthcare expenditures be viewed as similar to other investments in capital equipment and education?

Minimum 100 Words

Solution

Investment in capital equipment helps in building infrastructure, which increases the production capacity of an economy. Similarly, investment in education helps in building human capital, which is very crucial for building the production capacity of the economy. Investment in health similarly helps in building human capital which is crucial for the production capacity of an economy. Investment in the health care helps in building a healthy workforce, which can increase production capacity as well as productivity of a country. Countries such as Nigeria or Ethiopia where investment on health is very less is very low production capacity and productivity. Therefore, along with physical infrastructure and ducation, investment in health is very crucial for an economy.