Abstract In the Bloomberg article, “Hospitals Still Face anUgly, Uncertain Future,” Max Nisen (2017) discusses the potentially devastating impact that the passage of the American Healthcare Act, or “Trumpcare,” could have on the healthcare industry in the United States, and on the wider economy. Of major concern is the fact...

Microeconomics is the study if individual economic units. These single units too have a great impact on the overall economic status. Microeconomics focuses on the factors that affect individual economic choices. The reason for the study of the microeconomics is to give the student a thorough understanding of microeconomic principles...

How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.Numerous researchers have argued whether economics should be considered a science or not. One finally came up with the following statistics. Economics is more of a science than art for the reason that economists...

In Boomer v. Atlantic Cement Co., the plaintiff, Oscar H. Boomer, claimed that the defendant, Atlantic Cement Company, had constructed a plant in their vicinity that created vibration, dust, and smoke and that this was a nuisance which prevented full use and enjoyment of the plaintiff’ property. This case is...

A pure market economy is a theoretic free market system in which the government takes a completely neutral role. Its regulation of economic activities through laws does not limit, interfere with, or promote any party in the market, that is, laisses faire. As such, the individuals in the market, rather...