The Key Feature of the US Health Care System Is

question 10

Multiple Choice

The key feature of the US health care system is that it:

• A)originally developed as a business relationship between the provider and the patient.
• B)is based on a culture of individualism and entrepreneurship.
• C)is founded on market-driven principles.
• D)is all of the above.

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Definitions:

Market Economies

Economic systems in which economic decisions and pricing are guided by the interactions of citizens and businesses rather than by central planning.

Product Innovation

The process of developing new products or significantly improving existing ones to meet consumer needs or open new markets.

Total Utility

The complete fulfillment attained through the consumption of a specific amount of a product or service.

Concentration In Industry

Industry concentration describes the extent to which a small number of firms occupy a large proportion of the market.