Explore BrainMass
Share

Explore BrainMass

    Economics in the Health Care Environment

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What conventional economic principles apply in the health care environment?

    © BrainMass Inc. brainmass.com October 9, 2019, 10:31 pm ad1c9bdddf
    https://brainmass.com/business/organizational-economics/economics-in-the-health-care-environment-222827

    Solution Preview

    What conventional economic principles apply in the health care environment?

    Economics is defined as "The scientific study of the choices made by individuals and societies in regard to the alternative uses of scarce resources which are employed to satisfy wants (Rodda, 2004)." There is a lot of risk and uncertainty ...

    Solution Summary

    The solution discusses the conventional economic principles that are applied in the health care environment.

    $2.19