Saturday, July 28, 2007

US Physicians: Supply Shortages and how they Impact Salary

In an economic context, healthcare consumption is no different from other consumer services. Where there is a demand, the market will attempt to meet it through supply. Where supply outweighs demand, prices may fall as the market becomes competitive and vice versa in reverse circumstances. With physicians and the provision of healthcare services, supply and demand do not fluctuate with price as much as other services. This is for a number of reasons. The main one being that demand for healthcare comes more as a necessity so demand cannot increase and likewise cannot decrease for the same reasons. However; on a different level, the relationships between health care service providers and medical professionals can indeed be im View the rest of this article


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