Costing & Resource Use

Terms for identifying, measuring and valuing the resources used in health care.

  • Topic: Costing & Resource Use
  • 40 terms
  • Editor reviewed

2 terms

Productivity CostForegone-Output Cost, Indirect Work Loss

The economic value of lost work output from illness or death, estimated using the human capital or friction cost approach.

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Purchasing Power ParityCommon-Basket Comparison, International Price Comparison

A method of comparing economic value across countries based on the relative cost of a common basket of goods and services, rather than exchange rates.

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