What is the informal economy

Informal economy, underground economy or shadow economy is the term to describe business deals outside of government regulation. The term may seem dark but it has existed since the early civilizations and so does the attempts of government regulation. Politicians are trying their best to eliminate or convert the informal sector into the formal sector through…

MediCare Vs MediCaid Vs ObamaCare

The terms Medicare, Medicaid, and Obamacare are very similar. Most of us know that they are public health insurance, but can’t tell their differences. In a recent survey, about 35% of the respondents don’t know that Obamacare is merely the another name of the Affordable Care Act. The similar naming and the nicknames caused a lot of confusion…