Pharmaconomy
Pharmaconomy
Pharmaconomy (pronunciation: /fɑːrməˈkɒnəmi/) is a term used to describe the economic aspects of the pharmaceutical industry. It encompasses the production, distribution, and consumption of pharmaceutical products and services.
Etymology
The term "Pharmaconomy" is a portmanteau of the words "Pharmaceutical" and "Economy". "Pharmaceutical" is derived from the Greek word "Pharmakeia" which means "drug", while "Economy" is derived from the Greek word "Oikonomia" which means "management of a household".
Related Terms
- Pharmaceutical Industry: The sector of the economy that discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications.
- Pharmacoeconomics: A branch of health economics that uses cost-benefit, cost-effectiveness, cost-minimization, cost-of-illness and cost-utility analyses to compare the value of one pharmaceutical drug or drug therapy to another.
- Pharmacology: The branch of medicine that deals with the study of drugs and their actions on the body.
- Health Economics: A branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare.
- Pharmaceutical Policy: The part of health policy that deals with the development, provision and use of medications within a health care system.
See Also
- Pharmaceutical Marketing
- Pharmaceutical Sales Representative
- Pharmaceutical Manufacturing
- Pharmaceutical Pricing
External links
- Medical encyclopedia article on Pharmaconomy
- Wikipedia's article - Pharmaconomy
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