Types of Economies
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The Four Types of Economies

The way scarce resources get distributed within an economy determines the type of economic system. There are four different types of economies; traditional economy, market economy, command economy and mixed economy. Each type of economy has it's own strengths and weaknesses. The Four Types of Economies 1. Traditional Economic System The traditional economic system is the...
medicare advantage
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Medicare Advantage

The US promoted Health Maintenance Organizations (HMOs) and people wanted HMOs to be a part of the Medicare program. Through the HMO Act, employers with 50 or more employees were required to offer HMO plans. Then the Center for Medicare & Medicaid Services (CMS) decided to demonstrate HMO plans for Medicare patients. These private plans take...
medicare
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Medicare

Medicare is one of the most important payers in the U.S. health care system. It is health insurance for the elderly and has four parts - A, B, C & D. Traditional Medicare (Part A & B) During the Great Depression, hospitals began noticing that people couldn't afford the care as treatments were becoming more...
Aggregate demand and Aggregate Supply
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Introduction to Aggregate Demand And Aggregate Supply

In Economics, Aggregate Demand And Aggregate Supply are the macroeconomic view of the country's total demand and supply curves. Aggregate Demand Aggregate demand (AD) is the total demand for final goods and services in a given economy at a given time and price level. Aggregate Demand Formula Aggregate Demand is the total of Consumption, Investment,...
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Four Components of Aggregate Demand

There are four components of Aggregate Demand (AD); Consumption (C), Investment (I), Government Spending (G) and Net Exports (X-M). Aggregate Demand shows the relationship between Real GNP and the Price Level. Four Components of Aggregate Demand Any increase in any of the four components of aggregate demand leads to an increase or shift in the aggregate demand...

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