As we learn about the core concepts of economics- supply and demand, what are some implications on the healthcare industry? With the growing aging population (i.e baby boomers), the increase in life expectancy and the advancement of technology, how do we effectively manage this increase in demand for healthcare?

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ANSWER The principles of supply and demand play a significant role in shaping the healthcare industry and several implications arise from factors such as the aging population increased life expectancy ... View the full answer