Health economics is one of the many branches in economic. Health Economics is an applied field of study that allows for the systematic and rigorous examination of the problems faced in promoting health for all. The concept of health economics can be explained in layman language as the study of economical functioning of health care system in an economy. Health economics is used to promote health through the study of health care providers, hospitals and clinics, managed care and public health promotion activities. Innovations are new idea, device or process. Innovations are the application of better solutions that meet new requirements, inarticulated needs or existing market needs. It is proficient through more effective products, processes, services, technologies, or new ideas that are readily available to markets, governments and society. Innovations are something original and novel, as a significant, new that breaks into the market or society.
Last date updated on July, 2014