Question

Critically analyze whether the rest of society should object when a wealthy person chooses to spend large sums of money to increase the probability of surviving an ordinarily fatal disease. Answer must be 300 words

Answer 1

A wealthy person should properly analyse that for mnor issues or minor diseased he can go to decor and have consultation for any fatal disease and the conomic growth should not impact the economic development of the organisation and he should calculate and spend the expenses depending on his own income and should not spend any lumpsum amt in any fatal disease and also surviving a disease is also an important aspect of the overall economic development .They should take proper nutricious which helps in sustaning the proper economic growth and also helps in proper financial growth which will ompacr the human resources Individial person plays a key role in determing the demand for medical care and it includes all the health and demographic factors which is being discussed in proper economic growth.Monetary policy also becomes important in terms of its financial growth in the organisation and all fatal diseases has to be cured properly so that health is not affected and also growth of the humans will also have impact financially and mentally.Monetary policy is the macroeconomic policy laid down by the central bank. It involves management of money supply and interest rate and is the demand side economic policy used by the government of a country to achieve macroeconomic objectives like inflation, consumption, growth and liquidity.