We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Health Care vs Education and How It Should Be Distributed Essay Sample

essay
The whole doc is available only for registered users OPEN DOC

Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

Health Care vs Education and How It Should Be Distributed Essay Sample

The economy operates at its full productivity which, allows for economic growth. During a specified period of time, outputs can be produced without sacrificing the output of either good. The combination represented on the chart provided shows the priorities of the economy between two categories. Priorities can go either way based on the direction and or condition the economy is currently in. For example; producing more capital goods and fewer consumer goods or vice versa.

Using a production possibility curve measures the maximum combination of outputs that can be achieved from a given number of inputs. In the case of HealthCare vs. Education the inputs based on the data chart provided showed a variety of ways to distribute. Very few outcomes provided a balanced or well distributed conclusion. If a country uses all of its resources on health care a total of zero units can be produced. This leaves 15 units available to produce education.

There is no balanced outcome for either subject but a happy medium can be obtained. If a country uses all of its resources on education a possible 24 units could be produced but leaving zero resources to produce units of health care. If a country is currently producing 11 units of health care and 16 units of education, the opportunity cost of producing 5 more units of education would be a total of 4 units.

Using the data chart on Units of Health Care and Units of Education, it shows that a production of 11 health care units would also leave recourses to produce 16 units in education. Based on the overall information provided even if we decided to produce 9 units in health care and 19 units in education the difference between option one and two would be 5 or 9 units. Based on this information the better outcome would be to produce 11 units of health care and 16 units of education.

In reference to the term “Laissez- faire” or leave well alone; the economy is best served by taking all aspects into consideration based on the needs and/or demands of the people. No matter what decision is made, we will have to just let things play out. In time, if and when changes are needed we can take action within an adequate timeframe in order to keep the flow of the economy and its needs met.

We can write a custom essay

According to Your Specific Requirements

Order an essay

You May Also Find These Documents Helpful

Peculiarities of various assignment types

The educational process is diverse and full of interesting writing tasks which help students develop their academic abilities. Different assignments types are created by professionals in order to enhance students’ level of analytical, critical and writing skills and to vary the learning process. As a student, you will encounter numerous tasks of diverse complexities throughout your student life. Sometimes, maybe, too complicated! They have different peculiarities, structural...

Making decisions in health and social care

Critically analyses the concepts, features, and importance of costs and accounting in making decisions in health and social care Cost accounting is a method used in accounting to capture a company’s or organisation’s production costs. It assesses the input costs of every step in production, fixed costs like depreciation of capital equipment. Cost accounting measures and records costs individually then compare the input results via...

Сhildren development

Physical development 7-12 years By the age of 7 a child enjoys things such as bike riding and rollerblading they are now able to tie and untie shoelaces without adult help, they are now starting to understand what rules are and are able to follow simple rules. At 8-12 years a child improves the physical skills that they have already developed and start to see...

Forex international trading market

Introduction Forex exchange is on the rise in Namibia; resulting in more people wanting to learn how to trade to try to increase their income so that they can enhance their standard of living. Forex Foreign exchange identifies the process of converting domestic currency into international banknotes at particular exchange rates (Bofah, 2017, para.1). As the number of foreigners in Namibia is increasing, more Namibians...

Aristotelian idea of God

This image produced in 1544 shows emerging's of the Judeo-Christians and Aristotelian's traditions. Aristotle was very interested in the idea of motion and said “The world is in a constant state of motion and change”. An example of how the world is changing is the growth of trees and plants. Aristotle believed in a prime mover, which is the being which creates change in the...

Get Access To The Full Essay
icon
300+
Materials Daily
icon
100,000+ Subjects
2000+ Topics
icon
Free Plagiarism
Checker
icon
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access
immediately?

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?

Couldn't Find What You Looking For?

Get access to our huge knowledge base which is continuously updated

Next Update Will Be About:
14 : 59 : 59
Become a Member