economic factors Flashcards
what are economic factors?
are all aspects of life related to money including educational achievement, our job, how we chose to live and the amount of money we make.
what are the economic factors?
Income + expenditure, education, lifestyle and health, employment status
what is income and expenditure( economic factors)?
a person’s level of income and personal health
what is education( economic factors)?
the stage of education reached, educational opportunties and achievements.
what is lifestyle and health( economic factors)?
being able to afford a healthy diet, or access to exercise, making choices about sexual practices, alcohol+smoking+ drug use that affect personal fianance and the ability to keep + sustain employment
what is employment status( economic factors)?
whether a person is in work or not, type of work( manual, non-manual, professional), whether it is full- or part- time, job security + future prospects.
Positive physical effects of economic factors
manual/active jobs improve muscle tone and stamina + lifestyle: being able to afford a healthy diet and regular exercise to keep digestive systems, circulatory systems and joints healthy.
Negative physical effects of economic factors
Manual jobs may cause muscular and skeletal problems + sedentary/ desk-based jobs can cause back problems, repetitive strain injury, lack of fitness and increased risk of joint problems and heart disease.
Positive intellectual effects of economic factors
being in work, education or training promotes creative thinking and problem-solving skills + being able to afford a good diet and exercise can promote cognitive development
negative intellectual effects of economic factors
being out of work, retired or in a non-demanding job may cause deterioration of memory and problem-solving skills + low income and low quality lifestyle can lead to stress and loss of concentration
Positive emotional effects of economic factors
being in a high-status job and having a good income and education may lead to high self-image and positive self-esteem + having an adequate income and job provides opportunities and independence
negative emotional effects of economic factors
being unemployed, having a low-status job and poor academic achievement can lead to poor lifestyle choices, negative self-image and low self- esteem+ low income and poor health due to lifestyle can lead to lack of choice and independence
Positive social effects of economic factors
being at school, college, or in training or work provides opportunities to develop friendships + being able to afford a healthy lifestyle can lead to friendships
negative social effects of economic factors
low income or unemployment offers fewer opportunities for building relationships + poor lifestyle may lead to breakdown in relationships
