Socio-economic burden refers to the overall impact of a particular issue, such as a disease or policy, on the economic and social well-being of individuals and communities. It encompasses direct costs like healthcare expenses and indirect costs such as lost productivity and reduced quality of life.

Socio-economic Burden

Overall impact

Particular issue

Healthcare expenses refer to the costs associated with medical care, including prevention, diagnosis, treatment, and rehabilitation services. These expenses can significantly impact individuals and families, often influenced by factors like insurance coverage, healthcare policies, and the overall economic environment.

Healthcare Expenses

Lost productivity

Reduced quality of life

Economic Well-being

Social well-being is the extent to which individuals feel a sense of belonging and social inclusion in their communities, as well as having satisfying and supportive relationships. It is a crucial component of overall health, influencing both mental and physical health outcomes through social connections and community support.

Social Well-being

Direct costs are expenses that can be directly attributed to a specific project, product, or department, making them straightforward to trace and allocate. These costs are crucial for accurate budgeting and cost control, as they directly impact profitability and financial planning.

Direct Costs

Indirect costs, also known as overhead costs, are expenses not directly tied to a specific project, product, or service but are necessary for the general operation of a business. They include utilities, rent, administrative salaries, and other expenses that support the overall infrastructure and management of the organization.

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