Using NSW Health Survey data for economic analysis

Abstract

Economics is the study of how resources are allocated in order to produce commodities (that is, goods or services) which people need or desire. It builds on theories about how individuals or groups behave when faced with choices. In economic terms, health and health improvement are commodities produced by combining inputs such as the time and knowledge of individual consumers, healthy food, exercise, the time and skills of health care professionals, drugs, and health care facilities.