1. Economics - is the study of the forces between supply and demand and the impact they have on allocation of scarce resources. Economics can be subdivided into two categories one is microeconomics and the second category is macroeconomics.
a) Microeconomics - looks at the behaviors of businesses, consumers, government, etc.
b) Macroeconomics - looks at the impact of inflation, industrial production, unemployment, etc.
1. Demand - the amount of product that a buyer is willing and able to buy at a specified price.
2. Variability - the extent of random changes over time.
3. Supply - the amount of product that a producer is willing and able to sell at a specified price.
Select three terms from this week's readings and discuss how these terms compare to each other in the world of health care economics. Some examples of terms are resources, quality,technology, and costs.
Write a 750- to 1,050-word paper that is a comprehensive comparison of these terms.
Format your paper consistent with APA guidelines.