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Quality-Adjusted Life Year (English: Quality-Adjusted Life Year, abbreviated as QALY) is a unit used to measure the outcome of a health intervention or health condition. This metric combines changes in both the duration of life (quantity) and the quality of that life (quality) into a single index. QALY was developed particularly in the field of health economics to assist decision-making processes regarding how limited resources should be allocated among different health programs and technologies

Health economics, as a discipline, focuses on the production, distribution, and financing of health services with the goal of improving the health status of individuals and societies. Since health services involve achieving the best possible outcomes with limited resources, health economics analyzes how these resources can be allocated most efficiently. This discipline plays a critical role in shaping health policy by examining the relationships between economic growth, labor productivity, and s