Economic Factors

  • Created by: debz101
  • Created on: 24-01-20 16:47

Financial Resources

Wealth - How much a person owns based on money or material possessions, e.g. jewellery, cars or property.

Occupation - The job a person has, e.g. doctor, teacher or sales assistant.

Employment - Having job whether full time, part time, self employed or zero hour contract.

Unemployment - Not having a job due to being redundant or on benefits.

1 of 4


Poverty can limit people's chances of a good life which can have a negative effect on their health and wellbeing.

Absolute poverty - Not having enough money for basic needs.

Relative poverty - Only able to afford basic needs.

2 of 4

Positive effects it has on health and wellbeing


  • Good housing conditions and healthier diet
  • Improves muscle tone and stamina


  • Education and work improves problem solving and thinking skills
  • More time for mind activities, for example, chess, sudoku or crossword


  • Good jobs makes you feel secure.
  • Promotes a positive self concept


  • Have time to socialise with colleagues and friends
  • More opporttunies to socialise
3 of 4

Negative effects it has on health and wellbeing


  • Lack of mobility leading to weight gain
  • Poor diet, poor housing leading to poor health


  • Umployment leads to mental health problems
  • Long hours of work meaning less time to socialise or to learn new things


  • Stress and breakdown in relationships
  • Low self concept


  • Social isolation
  • Less chances to socialise
4 of 4


No comments have yet been made

Similar Health & Social Care resources:

See all Health & Social Care resources »See all Component Three resources »