Economic principles of trade application. Apply the economic principles of trade, choice, opportunity costs, and scarcity to the healthcare industry
- Explain the impact of demand theory on the healthcare industry
- Assess the role economic principles play in a healthcare organization’s planning and policy decision making
- Evaluate the role of market concentration and choice in healthcare decision making
- Assess the impact of legislation on competition within the healthcare industry
- offers an explanation of the distinction between micro- and macroeconomics.
- This resource will help you grasp the key foundational principles that you will apply to healthcare
- Several of the key terms and issues we will address in the course are evident and you will find this article helpful in writing this module’s