The economy and government can benefit from the Successful Model of Ageing through:1.Increased age care costs.2.Increased economic participation of older people, including paying taxes.3.Deals made with Big Pharma.4.Increased health care costs.
Question
The economy and government can benefit from the Successful Model of Ageing through:1.Increased age care costs.2.Increased economic participation of older people, including paying taxes.3.Deals made with Big Pharma.4.Increased health care costs.
Solution
The Successful Model of Ageing can benefit the economy and government in several ways:
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Increased age care costs: While this may seem like a disadvantage, it can actually stimulate economic growth. More funds will be directed towards the aged care sector, leading to job creation and increased demand for related goods and services.
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Increased economic participation of older people, including paying taxes: As people age healthily, they can continue to work and contribute to the economy for a longer period. This means they will also continue to pay taxes, providing more revenue for the government.
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Deals made with Big Pharma: The government can negotiate deals with pharmaceutical companies for the supply of medications and health products needed by the ageing population. This can lead to economic benefits through business growth and potential tax revenues.
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Increased health care costs: Similar to increased age care costs, higher health care costs can stimulate economic growth. More funds will be spent on health care services, leading to job creation in the health sector and increased demand for medical goods and services.
However, it's important to note that while these factors can bring economic benefits, they also present challenges. The government must ensure that the increased costs do not place an undue burden on the population, and that the benefits are distributed fairly.
Similar Questions
Which of the following aspects does NOT apply to the Successful Model of Ageing?1.Views exercise, physical activity, and sport as essential for maintaining a healthy body and mind that can contribute productively to society.2.Measures success via individual experience.3.Values the skills and resources of older adults.4.Encourages exercise, physical activity, and sport
Discuss the important factors associated to ageing
A country is experiencing an ageing population. How does this demographic shift influence the demand for healthcare?*Decreases due to reduced workforce participationIncreases as older individuals typically require more healthcare servicesRemains constant as demand is influenced by incomeFluctuates based on technology advancements
The problem with population ageing is:a.there may come a time when there are not enough young people to finance or care for the oldb.increased death ratesc.increased birth ratesd.population explosion
Which is not the Nature of problem of aged population?a.shifting disease burdenb.sustainable developmentc.potential problems with old-age income securityd.increased expenditure on health and long-term care
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