Economic Consequences of Population Morbidity

Abstract

In the modern world, the morbidity of the population plays an important role in the dynamics of economic processes. On the one hand, significant government expenditures on providing the necessary medical care and medicines to citizens directly or indirectly affect the dynamics of budget expenditures. On the other hand, state guarantees for financial support of citizens during their disability are also a costly budget item. Finally, global disasters such as pandemics certainly damage the economies of entire states in particular and the world as a whole. The purpose of the work is to consider the features of the economic consequences of population morbidity. According to the results of the study, it should be concluded that the morbidity of citizens of any country is always the reason for the state's expenses for their treatment and rehabilitation. At the same time, it is quite profitable for the state that citizens again acquire the necessary working capacity, since this directly affects the amount of taxes received by the state Treasury. At the same time, favorable working conditions significantly reduce the morbidity of the population and the occurrence of disability, which also, while reducing the cost of treatment and restoring the health of citizens, contributes to maintaining an appropriate level of taxation. However, the morbidity of the population – the main productive force of any country-can be associated with the development of various kinds of epidemics and pandemics, when the spread of infection partially paralyzes the economy. Outbreaks of infectious diseases can easily cross borders and threaten economic stability. The current outbreak of human coronavirus (COVID-19) is a reminder of this threat. The constant adaptation of microbes, as well as their ability to develop and become resistant to antibacterial and antiviral agents, ensures that infectious diseases will continue to be a constant and ever-changing economic threat. Consequently, the assessment of these threats is important to inform households, governments and businesses about potential economic shocks as a result of outbreaks of infectious diseases. The purpose of the study is to determine the degree of economic consequences of population morbidity in the modern world. The objectives of the study should include: - identification of the impact of population morbidity on the economy of a country; - analysis of the scale of economic consequences for countries as a result of the spread of infectious diseases; - assessment of the possibility of reducing the negative impact of population morbidity on the economy of countries.