Gross Domestic Product and Health

Fernandez, Rosa Maria

Abstract

Health is defined as “a state of complete physical, mental and social wellbeing, and not merely the absence of disease or infirmity” (WHO 1978). In this regard, well-being is understood “as how people feel and how they function, both on a personal and social level, and how they evaluate their lives as a whole” (New Economics Foundation 2012). This means that health is not only one of the factors contributing to individual well-being, but it also plays a role on how we all contribute as part of a society. If an individual is healthy as opposed to suffering from ill-health, they can work (economic function) and be more productive, which ultimately means increased capability to contribute to economic activities. This will make their individual income grow (they receive a salary for their work), but it will also make the global economy grow, raising countries’ GDP levels.

Citation

Fernandez, R. M. (2019). Gross Domestic Product and Health. In Good Health and Well-Being (1-10). Springer. https://doi.org/10.1007/978-3-319-69627-0_83-1

• Acceptance Date: Feb 26, 2019
• Online Publication Date: Mar 21, 2019
• Publication Date: 2019
• Deposit Date: Aug 4, 2023
• Publisher: Springer
• Pages: 1-10
• Series Title: Encyclopedia of the UN Sustainable Development Goals
• Series ISSN: 2523-7403; 2523-7411
• Book Title: Good Health and Well-Being
• ISBN: 9783319696270; 9783319696270
• DOI: https://doi.org/10.1007/978-3-319-69627-0_83-1
• Public URL: https://keele-repository.worktribe.com/output/535361
• Publisher URL: https://link.springer.com/referenceworkentry/10.1007/978-3-319-69627-0_83-1
• Related Public URLs: https://link.springer.com/referencework/10.1007/978-3-319-69627-0
• Additional Information: Received: 28 September 2018, 00:00:00; Accepted: 26 February 2019, 00:00:00; First Online: 21 March 2019