On Ricardian Derived Demand – Does it Even Exist?
Courtesy: www.CertifiedMedicalPlanner.org
What it is – How it works
In economics, derived demand is demand for a factor of production or intermediate good that occurs as a result of the demand for another intermediate or final good. In essence, the demand for one is dependent on that whose demand its’ demand is derived from another: www.HealthDictionarySeries.org
For example, if the demand for a good such as cars increases, then this leads to an increase in the demand for iron ore.
OR
For example, if the demand for a good such as wheat increases, then this leads to an increase in the demand for labor.
Medicine
So, what about medicine? Saurabh Jha gives us some insight right here!
ESSAY: http://thehealthcareblog.com/blog/2018/08/30/is-medical-imaging-a-ricardian-derived-demand/
RELATED: big data
Your thoughts are appreciated.
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“Insurance & Risk Management Strategies for Doctors” https://tinyurl.com/ydx9kd93
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“Business of Medical Practice 2.0” https://tinyurl.com/yb3x6wr8
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Filed under: Health Economics, iMBA, Inc. | Tagged: Ricardian Derived Demand |
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