Economic Aspects of Prevention

Abstract

Economic aspects of prevention refer to the costs and benefits associated with measures aimed at preventing various problems and risks. Prevention can include measures aimed at preventing disease, crime, harmful behavior, environmental problems and other areas. There are several important economic aspects of prevention: cost reduction, productivity gains, social and human benefits and long-term sustainability. It is important to realize that prevention requires initial investments and often its economic impact is not immediately visible. However, a long-term evaluation of costs and benefits shows that prevention can be an economically beneficial strategy that brings a large number of socioeconomic benefits for the individual and society as a whole.