Explain why AIDS can be regarded as an economic problem.
...has the potential to create several economic impacts in many countries. He emphasizes that AIDS is different from most other diseases because it strikes adults in their most productive age and is essentially almost 100 percent fatal. The effect will vary according to the severity of AIDS epidemic and the structure of the national economies (2000, Internet). The three major economic effects are a reduction in the labor supply which includes the decreasing in actual quantity and quality of labor supply, increased costs and decline in the level of government revenue. Firstly, AIDS may be considered an economic problem because it may cause the serious reduction in both the actual labor supply and its quality of the national economies, which is defined by Bollinger and Stover (1999, Internet). The quantity of labor will be struck most obviously by the high mortality rates that exist in African countries. World Health Organization states AIDS is the leading cause of mortality among adults ...