If traditional healthcare was to stray into the realm of soc

If traditional healthcare was to stray into the realm of socioeconomics, what effects on health economic models would you anticipate?

Solution

Traditional healthcare is the combination of knowledge , skills and practices based on theories , beliefs and practices which are indegineous to different culture . So if these types of practices still persist in the healthcare model it will give immense scope to the healthcare industry

Ayurveda and healthcare will show economies of scale and economies of scope. Fluctuation of demand of one type of healthcare practice will lead to entry of other type of demand.

Risk assesment is an important factor which will also play an important role because higher the risk , better and more surer treatment is required.