Demand
Demand (Medicine)
Demand (pronounced: /dɪˈmænd/) in the context of medicine refers to the quantity of healthcare services that a population seeks at current market prices. It is a key concept in Health Economics and Public Health.
Etymology
The term 'demand' originates from the Old French demander, meaning "to request or to claim", which in turn is derived from the Latin demandare meaning "to entrust or to order".
Definition
In Health Economics, demand is defined as the amount of a particular healthcare service that individuals are willing and able to consume at a given price. It is influenced by various factors such as income, price of the service, and the individual's perceived need for the service.
Related Terms
- Supply (Medicine): The amount of healthcare services that providers are willing and able to provide at a given price. It is the counterpart to demand in the market.
- Healthcare Market: The economic platform where healthcare services are bought and sold, and where the forces of supply and demand interact.
- Elasticity (Economics): A measure of the responsiveness of demand or supply to changes in price or income.
- Needs Assessment: A systematic process for determining and addressing needs, or "gaps" between current conditions and desired conditions, often used for improvement in individuals, education/training, organizations, or communities.
See Also
External links
- Medical encyclopedia article on Demand
- Wikipedia's article - Demand
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