0
The health care system does not respond to the traditional market forces of supply and demand because?
Wiki User
∙ 9y ago
Healthcare is in most laws a basic right for any person, while applying supply and demand would (by virtue of low supply) deny it price-wise to poorer people. Certain treatments and medicines are very expensive to research, and as such they would be too expensive for most people to buy - so governments subsidize this research to make sure it can be made available for affordable fees.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How Excess demand and excess supply eliminated by market forces?
Excess demand is easily eliminated by market forces. If either the price or the supply goes up, demand will decrease exponentially.
What are two common market forces?
Two common market forces are supply and demand.
What two forces regulate the free market economy?
Basically, the two forces are supply and demand.
What forces that make market economies work are?
supply and demand
What are the factors associated with economic order quantity?
Demand and supply forces
Why do you have scarcity?
because its prise is determined by interaction between both demand and supply forces
How a manager respond to external forces?
by his intellect.....!!
How Excess demand and excess supply eliminated by market forces?
Excess demand is easily eliminated by market forces. If either the price or the supply goes up, demand will decrease exponentially.
What are two common market forces?
Two common market forces are supply and demand.
What two forces regulate the free market economy?
Basically, the two forces are supply and demand.
What forces that make market economies work are?
supply and demand
What are the factors associated with economic order quantity?
Demand and supply forces
How is price decided in capitalism?
Mainly by market forces, supply and demand.
What are the forces that cause the demand curve to change?
Supply is the main force that affects the demand curve to change in the economy or in a certain market.
How does the market theory of wage determination reflect the forces of supply and demand?
True
What did the ho chi minh respond to the return of the french?
Remove french forces from veitnam.
How did the US respond to japans aggresion in the philippines?
First, the American forces were obliged to surrender the Phillipines to Japanese forces. Later in the war, 1944, American forces returned and liberated the Phillipines.
