Economics in the field of Health sciences
Since this is the first one, it deals with the Introduction of Economics in the area of Health Sciences. Summary: What is Economics? What is Health? Economics and Health: Health Economics Healthcare in India References. What is Economics? Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses, as put forth by an Economist, Lionel Robbins. In short, Economics is the study of scarcity, the study of how these scarce resources are put to use or the study of decision-making. Economics is both and art and science as its concept is used in every discipline. What is Health? Health as defined by WHO is, A state of complete physical, mental and social well-being, and not merely the absence of diseases. Health also refers to the degree of bodily functioning observable to an external expert and measurable on medical instruments. Economics and health: Health Economics There's one law that makes economi...