one post 2 concepts at least 150 words please for each A+ Writers |

  • Consider the following concepts related to economics:
    • Supply & Demand
    • Elasticity & Surplus
    • Market Equilibrium & Disequilibrium
    • Competitive Markets & Economies of Scale
    • Cost Shifting
  • Select two concepts related to economics from the list provided to focus on for this Discussion. (Note: Each bullet in the list is considered one concept)
  • Reflect on how these concepts may differ for the economics of healthcare compared to the economics of a typical business.

Post an explanation of the economics of healthcare. In your post, please be sure to address the following for the two concepts related to economics that you selected:

  • Describe how the two concepts you selected are related to a typical business market with a tangible products (e.g., applesauce, refrigerators, and cars).
  • Explain how these same concepts may be different for the business of healthcare which is an intangible product (for example, consider a sudden illness or accident, elective surgical procedures, or management of chronic illness). Be specific, and provide examples.
  • Be sure to support your Discussion with two references within the last three years.