HEALTH ECONOMICS

7. when there is not enough resources to satisfy human wants
8. management of a household
10. the knowledge, skills, and attitudes that humans possess that allow them to produce
13. primary element in deciding what to produce and how to go about the production process
16. are tangible, something that can be seen or touched
17. essential for human survival
18. the one who brings together all the resources of land, labor, and capital
19. study of the society or groups
22. study of past events
23. general category of the human effort that is used for the production of goods and services
24. often called factors of production
26. deemed as "Government of Nature"
27. studies the biological, psychological, social, and cultural aspects of human life
29. used the idea of diminishing returns to explain low living standards
30. considered as the father of macroeconomics.

1. deals with care of sickness, promotion, maintenance and improvement of health.
2. deals with the behavior of the economy as a whole
3. rebuked the capitalist system
4. father of modern economics
5. provided in numerous ways and are an intangible activity
6. all four of the decisions must be made
9. "Money matters, and it matters a lot.”
11. states that the greater the demand, the more that will be supplied; the lower the demand, the less that will be supplied.
12. systematic study of the state and government
14. study of the proper allocation and efficient use of scarce resources
15. describes the ground
20. individuals give up an opportunity to use or enjoy something in order to select something else
21. states that the higher the price, the lower the demand; the lower the price, the higher the demand
25. scientific study of the human behavior
28. goods that give more satisfaction