Since some parts of the health care law went into effect in 2010, the share of Americans aged 18 to 25 without health insurance dropped to 23 percent from 28 percent. Thatâs roughly 6.6 million with health insurance because of the law. Parents worried about cost may have some concerns with the ruling.
Oligopoly refers to competition among âfewâ or, to be more specific, among a few dominant firms. An oligopolist is not a big enough part of the market (like a monopolist) to be able to act as a price-maker.
The use of the term liberal in economics is different from its use in politics. Liberalism in economics refers to freeing up the economy by removing barriers and restrictions to what actors can do. Neoliberalism's policies seek to create a laissez-faire atmosphere for economic development.