Concept information
Preferred term
price control in the pharmaceutical industry
Definition
- Pharmaceutical companies are accused of having excessive profit rates compared with those of other industries. Economists would argue that large profits invite others to enter into the business, causing competition that would correct excessive profits (such as in the computer industry). [Source: Encyclopedia of Health Care Management; Price Control in the Pharmaceutical Industry]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/price_control_in_the_pharmaceutical_industry
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