A poor economy is associated with a reduction in hourly wages, the number of hours people are working, and the reduction of resources allocated to different sectors such as health and education. The allocation of fewer resources in education leads to poorly maintained schools, fewer resources to serve all students, such as classrooms, and poor wages for teachers working in schools. Parents use their income to provide food, shelter, education, and proper clothing for their children. Therefore, when there is a cut on the parents’ income, the parents can hardly afford to pay for school fees, purchase books, buy uniforms, and pay for private tuition for the child (Crespo Cuaresma et al., 2018). The poor economy affects education since parents choose between paying school fees for the baby or providing basic needs (Crespo Cuaresma et al., 2018). There are also increased cases of early marriages and child labor due to the poor economy.
Also, a poor economy affects the health sector since it leads to high mortality rates, short life expectancy, and a lack of medical supplies. When the country suffers from a poor economy, there is a barrier between the citizens and proper health care, which is financial assistance (Brady, 2019). Hospitals require room and further research to invent cures and vaccines for diseases and ensure enough medicine. However, a poor economy leads to a decrease in the financial assistance a nation receives in the healthcare sector, preventing the development and proper health care. The services also become expensive, leading to more patients not receiving proper healthcare due to unaffordable costs (Golberstein et al., 2019). Since health also impacts the economic level, poor health standards lead to poverty due to the unaffordable medical services to the citizens.
In conclusion, a country should invest in improving the economy since it directly affects the health and education sectors. Therefore, a country can ensure equal health services to all citizens through health financial plans as it helps improve the people’s health, hence increasing productivity in the country. It also ensures that there are medicines in hospitals to prevent increased medication costs. In the education sector, the nation ensures proper income to the parents, reduces school fees, and provides funds to facilitate the construction of more classes for every child to be in school (Brady, 2019). Proper education increases productivity since there is increased invention and innovation.
References
Brady, D. (2019). Theories of the causes of poverty. Annual Review of Sociology, 45(1), 155-175. https://doi.org/10.1146/annurev-soc-073018-022550
Crespo Cuaresma, J., Fengler, W., Kharas, H., Bekhtiar, K., Brottrager, M., & Hofer, M. (2018). Will the sustainable development goals be fulfilled? Assessing present and future global poverty. Palgrave Communications, 4(1). https://doi.org/10.1057/s41599-018-0083-y
Golberstein, E., Gonzales, G., & Meara, E. (2019). How do economic downturns affect the mental health of children? Evidence from the national health interview survey. Health Economics, 28(8), 955-970. https://doi.org/10.1002/hec.3885
