Question

In: Economics

Write an introduction/conclusion for a paper on the five social determinants in microeconomics which are income,...

Write an introduction/conclusion for a paper on the five social determinants in microeconomics which are income, education, housing, food, and transportation. This paper is focusing on the 5 social determinants and our goals in life.
Please write three paragraphs in your own words for each of the introduction and conclusion
Thank you in advance

Solutions

Expert Solution

The factors which influence society on a whole by an individual action is called social determinants. The following are some of them

INCOME :
In a Society individuals earn income by selling their factor services and business firms earn income by exchanging their production of goods and services.
MERITS :
High income leads to high levels of standard of living, savings. Investment, employment output and economic growth. (Also Vice Versa)

Note : Level of money income and real income determines the phases of trade cycles.

EDUCATION :
Education means not only reading and writing skills of a person but also having social outlook to lead better life stands as human capital in his/her asset portfolio.
MERIT
A well educated society stands in third stage of demographic transition with small size of family , proper health care, low birth and death race, technological advancement etc..,
HEALTH
Health can be measured in both physical and mental terms with the help of resistance to diseases and balancing adoptability of any kind of stress respectively
A good health keeps the mind strong and leads to more productivity levels, high income and better social well being . To protect the health of society , every citizen should follow, “Prevention is better than cure”.
FOOD
Food in take provides energy and nutritional support for any person. Required nutrients, carbohydrates proteins and vitamins , minerals and fats in both the vegetarian and non-vegetarians food items gives good health to a person . A healthy food should be provided to a society by organic cultivation and lesser utilization of chemical fertilizers
Note : Avoid junk food to have better health care :
TRANSPORTATION :
Transport is a service sector which is a four tier system in the form of road ways, railways , water ways and air ways. The system supports both primary and secondary sectors to enlarge production . Efficient transport system with minimum delays pave the ways even for the globalization.
NOTE : Transportation is the criterion for all the sectors but pollution arising out of it should be minimize(through less pollutant emit ants, encouraging magnetic road ways, usage of common transportation rather than individual vehicle’s etc..) and protect the earth from global warming .


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