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Managerial economics is a branch of economics involving the application of economic methods in the organizational decision-making process. [1] Economics is the study of the production, distribution, and consumption of goods and services.
An important distinction can be drawn between population epidemiology and clinical epidemiology.If the US health care system had fully evolved in a direction that entailed management of care for populations rather than patients, then the concepts, methods and perspectives drawn from population epidemiology would have been ideal tools for use by managers.