Describe the economic issues at play when a physician chooses whether to specialize and when they have chosen to specialize, the economic factors in picking a specialty.

Factors such as cost of education,personal interest,one's lifestyle as well as public policies are major factors.

Explanation:

A medical career may be viewed as a series of private, personal choices made by an individual of which the student chooses a speciality and residency in that specialty based on the individual's unique set of values, objectives, perceptions, abilities, and circumstances if which the individual can even decide to change the from the initial specialty chosen to a new specialty or change location as well as the mode of practice at any point in time if the need arises..

This choice of specialty determines how many physicians there will be, in what specialties.

Factors such as cost of education,personal interest,one's lifestyle as well as public policies are major players in this regard also.