Research Paper Example | Topics and Well Written Essays - 500 words

Research Paper ExampleIt comes downstairs the category of social sciences which deal with the costs, profits, efficiency and other related concepts. Along with their application in wrinkle and services sectors, the public sectors of the country such as medical and health superintend services also make water use of economics in their management and decision making (Kitty & Mack, 1995). Significance in Medical and healthcare The recent research studies indicate that the ideas of theoretical and practical applications have contributed saliently to the medical and health sector. This great deal of contribution can be initially summed up in three words heterogeneity, sustainability and scarcity. In order to identify and imply the technically best and socially desirable approach, the medical practitioners apply the concepts of providing the patients and fate with optimal care and benefits. It is the maximum point where the marginal benefits of the service provider is zero and does no t care for the opportunity costs involved in it.