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.
DEFINITION of 'Microeconomics'. The branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households.It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers.icroeconomics is generally the study of individuals and business decisions, macroeconomics looks at higher up country and ...