Healthcare Ecnomics

How economics and marketing in health care is unique from other industries Health care is different from other industries producing goods and services. The healthcare industry is ill-defined, and the outcome of the care is not absolute. Also, unlike other industries, large segments of the industry are covered by nonprofit providers as well as payments are made by third parties like private insurers and the government. Some of these factors are also available in the other industries, but there is no other industry they are all present. Due to these factors, healthcare is unique from other industry. Just like any other industry, health care markets follow the fundamental rules of economics and marketing. On the aspect of who the industry serves, unlike other industries, medical care is asserted by the patient’s right to rece