Problem: Research and define the terms below and summarize how each relates to health care. I have the definitions but i am unsure how they relate to health care.
Students should research the definitions of the following economic terms: economics, supply, demand, macroeconomics, microeconomics, elasticity, inelasticity, and gross national product. Perform a literature search on these topics. Prepare a 700-1,050-word paper, which includes the definition of each term and a summary of how these terms apply to health care.