Final answer:
The use of any substance that impairs a person's social or economic well being and jeopardizes a person's health is called Substance abuse. It can result in addiction or dependence, with serious negative consequences (option 2).
Step-by-step explanation:
The use of any substance that impairs a person's social or economic well being and jeopardizes a person's health is called Substance abuse. This term refers to the use of drugs without the advice of a medical professional and for reasons other than those originally intended. Substance abuse can lead to a range of negative consequences, including addiction and dependence.
Addiction refers to the compulsive use of a drug despite adverse effects, while dependence indicates that stopping the drug causes withdrawal symptoms, which can be either physical or psychological. Drug abuse and addiction seriously undermine an individual's overall well-being and can have life-threatening implications.
Hence, the answer is option 2.