Unified Court Systems and Specialized Courts Are Two Different Types

question 95

Essay

Unified court systems and specialized courts are two different types of court reform that have emerged. Compare and contrast these two types of reform. In which direction have contemporary court reformers gone?

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Definitions:

Inventories

The goods and materials that a business holds with the purpose of resale or production in the future.

Wealth Effect

A behavioral economic theory suggesting that consumers spend more as the value of their assets rises, particularly visible in the increase in spending following a rise in home values or stock market portfolios.

Interest-Rate Effect

A theory suggesting that a change in interest rates will affect the level of spending on consumer goods and services due to the changes in borrowing costs.

Aggregate-Demand Curve

A curve that shows the total quantity of goods and services that all households, companies, government, and foreign buyers will purchase at each price level.