Consumer Incentives In healthcare
Imagine that you run a nursing home facility in your area. Analyze and comment on the role public policy has in the economic aspect of running this type of health services center. Compare and contrast the economic challenges and incentives this type of health care model presents. What are some of the ways in which you could inform or signal potential consumers that your nursing home is of high quality? Evaluate the social-cultural issues that influence the consumers of this type of health service. Which of your proposed methods are most apt to be reliable signals that significantly communicate to consumers so they are able to make more informed decisions?
Financial crisis have serious economic results which affects both developed countries markets as well as developing countries market. These financial crises are some time hard to predict because they mostly affect the country economy slowly and gradually. The financial crisis are mostly hideous they attack the roots of economy is a disguise way so that country who doesn’t take precaution from start fall for its trap and suffer a lot. It is the foremost duty of the Government to maintain a check and balance on every sector of economy so that in near future it can avoid such crisis.
To prevent crisis Government should carry out some sensible reforms. The main cause that these crisis arises because there is the problem in the structure of the financial system. But we don’t have only problem with financial system there is also role of the political reforms of the economy to go in recession. To avoid crisis a country requires stable macroeconomic policies like low rate of unemployment, increase in the GDP growth rate, increase in the per capita income keeping the budget deficit small and current accounts feasible. Also taxation is the compulsory contribution by public to meet the expenditure so that Government can plan out according to it this is not only the source of revenue but they also bring builds gap between rich and poor.
Though Russian Financial Crisis of 1998 was severe but Russia was quickly able to gain its reputation as a strong sovereign state. The main reason in rapid growth of economy was the oil prices that rapidly rose from 1999 to 2000 as a result Russia was able to gained higher share in the oil market and the trade was in surplus. The domestic Russian industries were set back on track and the government also gave out loans to set the home industries which as a result increase the value of home produced goods rather than imports. The one of benefit Russian economy had was that Barter system was still been followed there that cause somehow less effect that it should be if it was completely running on monetary basis. The debt by the creditors were paid as a result Ru
