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Effect of Depression on Economic wellbeing.

Nazish Riaz

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Wellbeing is the state of being comfortable wealthy and happy”. Whereas “Depression is a common mental health condition characterized by a constant feeling of sadness and loss of interest in activities that one’s would nearly enjoy.” Depression can have a profound impact on economic wellbeing, affecting individual, families and society as a whole. One of the most significant effect is to lost productivity, as depression can cause individual to miss work or be less production leading to lost wages and economics instability, this can lead to reduce economic growth. An individual with depression may be less likely to start business. Invest in education and training or take a role of leadership. Furthermore, depression can lead to increase health care cost, individual may require treatment therapy and medication to manage their condition. This can place a significant burden on healthcare system and resources, leading to increase healthcare utilization, including emergency departmental visits, hospitalizations and other medical services. Additionally depression can lead to reduce human capital as individual may less likely to acquire new skills or education leading to reduce workforce and economic output. Depression can significantly impact economic wellbeing leading to reduce productivity, increase healthcare cost and social welfare expenditure. The causes of depression such as adverse childhood experiences, social isolation, chronic illness and the impact of disasters on mental health can contribute toward its economic implications.  The efforts to reduce the economic impact of depression include targeted social and economic policies and programs that mitigating the effect of poverty and inequality. Addressing adverse childhood experiences, social isolation and promoting access to mental health treatment are essential strategies for reducing the burden of depression and its economic implications.Connecting to the supreme power from an economic perspective may involve fostering a sense of community and social support which can contribute to mental wellbeing and reliance. Additionally promoting access to spiritual and religious resources that provide comfort and support may play a significant role in enhancing mental health and reducing the economic impact of depression.

In conclusion, addressing the economic impact of depression require a comprehensive approach that consider social determinants of health, access to mental health treatment and targeted policies to mitigate the effect of poverty and inequality as well as also recognizing the potential role of spiritual and religious connections in promoting mental wellbeing.

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