Question

1. What are some potential determinants of the production of health? List several and explain their relationship (other than the ones below). Do these factors exhibit a positive or negative impact on health? Which factors are choice variables for consumers and which are not? Specifically address the relationship between these factors and health production:

a. Education

b. Income

c. Probability of survival into adulthood

Answer 1

The production function of health determines the relationship between health and its determinants.

1.Education. Eduction and heath has a positive relationship. If in an economy the people are educated they will be more conscious about their health regimes and will distance themselves from all the materials that cause heath problems. If we consider the deceloping countries scenarios, the most health problems will be found in less educated strata as they are not aware about how a certain product will affect their body.On the contrary it is also seen that most educated people in developed countries are more into smoking and drinking habits due to their schedules and have opted for maximum health insurances.

2.Relationship between Income and health is relatively complex. Itnis more likely to deal with consumers consumption pattern. It is not necessary that people that earn more will likely to spend and care more about their health and vice versa.

3. Relationship between survival and health is correlated.Survival takes onto accounts different parameters like age,time etc and with increase in one of them health is affected