Why is health care considered to be an economic good and is subject to the laws of economics?

Question

Quizplus · Accepted Answer

Health care is considered to be an economic good because its supply is limited compared to its demand. This scarcity leads to the need for allocating resources efficiently, balancing the needs of patients with the costs of providing care. This means that health care is subject to the laws of economics, such as supply and demand, and must be allocated based on market forces.

Why Is Health Care Considered to Be an Economic Good