Economic Factors

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  • Economic Factors
    • Influences on development
      • Employment status
        • The type of work (non manual or manual) someone does, whether it is full time or part time and their job security
      • Income/ Wealth
        • The level of income or amount of personal wealth person has
      • Occupation
        • Whether a person is employed or unemployed, at school/ college or in training
    • Positive Effects
      • Physical
        • Manual jobs may improve muscle tone and stamina
        • A higher income may result in better health as a result of better housing conditions and diet
      • Intellectual
        • Being in work, education or training encourages development  of creative thinking and problem-solving skills
      • Emotional
        • Being in work, education or training can improve self-esteem.
        • High status jobs can improve self-image.
        • A secure job income can lead to contentment
      • Social
        • Being in work, education or training provides opportunities for building friendships and relationships.
        • A higher income allows greater independence
    • Negative Effects
      • Physical
        • Manual jobs can cause injury and muscular and skeletal problems.
        • Low wages can impact on  lifestyle which may lead to poor health
      • Intellectual
        • Not working or in education may cause worsening of memory
      • Emotional
        • Unemployment, low-status jobs or low income can result in anxiety and low self-esteem
        • Family relationships can suffer because of financial worries
      • Social
        • Unemployment or not being in education or training reduces the opportunity to  build relationships
        • A low income restrict opportunity for socialising

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