CHAPTER 1.2
Review of Related Literature
The Development of Economy in Relationship of Hospital
Hospitals are key cogs in the local economic system, serving as major employment centers that offer job opportunities spanning a broad range of skill levels (St. Peter’s Hospital, 2006). Their sizeable payroll expenditures initiate a ripple effect through the economy as employees spend their paychecks on groceries, mortgages, rents, transportation, and entertainment.
Though nonprofit hospitals are…
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