UNIVERSITY OF NAIROBI

DEPARTMENT OF SOCIOLOGY, SOCIAL WORK AND AFRICAN WOMEN

STUDIES

OCTOBER 2023 – FEBRUARY SEMESTER 2023

CSO 407: ECONOMY AND SOCIETY

CHEPKEMOI IVY

C01/0616/2019

ASSIGNMENT 1: TERM PAPER (10 MARKS)

ROLE OF MONEY IN SOCIAL LIFE (EQUITY MEDICAL UNIT RAIDS TOP

HOSPITALS) [Tuesday december5,2023 page 6 ]

SUMMARY

The essay sheds light on the relationships between talent acquisition, business strategy,
healthcare dynamics, and their larger effects on society and the economy. It can be
applied to examine how companies shape and address the demands of society and the
state of the economy. The article makes suggestions about how the opening of new
clinics might benefit the neighbourhood. Examining the ways in which company
operations support regional economic growth is an idea that makes sense when
considering the economy and society.

The article demonstrates a fascinating point where healthcare and economic dynamics
converge. The calculated actions taken by Equity Afia are indicative of a changing
environment in which corporations are increasingly influencing healthcare services and
meeting societal demands. A beneficial influence on the economy and society will
depend on striking a balance between expansion and quality and resolving any potential
issues.
The article poses sociological queries regarding healthcare privatization, economic
inequality, the influence of money on the provision of basic services, social structure and
status within the healthcare sector, the impact of technology, and the relationship
between socioeconomic structures and the provision of healthcare. By examining these
topics, one can gain understanding of how social and economic variables influence
healthcare delivery and have an effect on both individuals and communities.

ANALYSIS

Although poverty isn't specifically addressed in the article, efforts to reduce it

sometimes collide with the growth of healthcare services. When evaluating the
franchise's societal impact, it is important to take into account the services provided,
their pricing, and their effect on the health of economically disadvantaged communities.

The article poses sociological queries regarding healthcare privatization, economic

inequality, the influence of money on the provision of basic services, social structure and
status within the healthcare sector, the impact of technology, and the relationship
between socioeconomic structures and the provision of healthcare.

How economic activities, such Equity Afia's administration and growth of healthcare
services, are tightly linked with social networks, trust, reputation, and institutional
structures within the healthcare sector is explained by the Embeddedness Theory in
Economic Sociology. The social networks and ties that these organizations and
individuals foster are vital to the success of these economic endeavours.

The paper sheds light on how healthcare management is changing, how business tactics
are included, and how these developments may affect how medical services are
delivered. It invites reflection on the dynamic convergence of healthcare and finance
and promotes dialogue about the potential and problems that arise from these kinds of
integrations.

Conclusion:

In conclusion, the term paper synthesizes the discussed themes, providing a

comprehensive understanding of the article's sociological implications. It encourages
further discussions on the dynamic intersection between finance and healthcare,
offering insights into the challenges and opportunities inherent in such integrations.
 REFERENCES,

Equity Afia Expands Healthcare Operations. (2023). Economic Health Journal, 5(2), 45-56.

Smith, J., & Johnson, M. (2005). The Economics of Healthcare: A Societal

Anderson, K., & White, P. (2015). The Role of Business in Local Economic

Brown, R., & Patel, S. (2011). Societal Implications of Corporate Entry into Healthcare.