Economic Terms

 

Economics defines terms and concepts in a very specific way. In some cases that may be different from the way the terms are used in everyday writing and speaking. Four terms below. Supply and Demand Economy of Scale Division of Labor Horizontal and Vertical Equity Write a paper in which you discuss each term’s traditional economic definition. Also, compare and contrast the use of each term from the traditional economic sense to a healthcare setting. Format your assignment according to APA guidelines.

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