Analyze these same microeconomic and macroeconomic principles and their impact on healthcare markets, healthcare service, and organizations.

Milestone 2 Health Principles| Nursing homework help

It is clear that microeconomics and macroeconomics have an impact on the healthcare market, organizations, and services. Changes to the gross domestic product (GDP) or employment levels can impact how providers price their services. Taxation and subsidies are two examples of government policies that can encourage individuals to choose certain types of medical care based on their availability.

In addition, there are several other factors that must also be considered within the organizational setting when looking at micro- and macroeconomics. For instance, changes in the exchange rate may force businesses to reconsider their staffing level while increasing healthcare costs can lead to budget reductions if they are not properly managed. Understanding these relationships will help companies to remain competitive and provide quality service in a constantly changing market.