Understand The Basic Of Health Economics

Question 1

What is the definition of health according to WHO?

Answer 1

A state of complete physical and mental well-being and not merely the absence of disease or infirmity.

Question 2

What does health care encompass?

Answer 2

Prevention, treatment, management of illness, and preservation of mental and physical well-being through services offered by medical and allied health professions.

Question 3

What are needs in the context of health economics?

Answer 3

Psychological, personal, or socio-economic requirements necessary for functioning and living, including basic requirements like food and shelter.

Question 4

Fill in the blank: Healthcare, education, and other services are part of _______.

Answer 4

extended needs.

Question 5

What is a want in health economics?

Answer 5

A product or service desired by a customer that is not mandatory for survival.

Question 6

What is demand in the context of health economics?

Answer 6

The needs or wants that consumers are willing and able to buy at each specific price.