Care Economy

The care economy refers to the part of the economy that focuses on providing care services to individuals, especially in areas like childcare, eldercare, healthcare, and support for those with disabilities. It encompasses both paid professions, such as nurses and caregivers, and unpaid labor, such as family members taking care of loved ones. The care economy is vital for social well-being and economic stability, as it helps individuals lead healthier lives, supports family functioning, and allows more people to participate in the workforce. Recognizing its importance can lead to better policies and investment in care services.