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For this reason, many social philosophers have considered coercion as the polar opposite to freedom. [10] Various forms of coercion are distinguished: first on the basis of the kind of injury threatened, second according to its aims and scope , and finally according to its effects , from which its legal, social, and ethical implications mostly ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. [1] The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. [2]: 10 In some cases ...
As an economic doctrine, dirigisme is the opposite of laissez-faire, stressing a positive role for state intervention in curbing productive inefficiencies and market failures. Dirigiste policies often include indicative planning , state-directed investment, and the use of market instruments (taxes and subsidies) to incentivize market entities ...
Inducement prize contest, a competition to reward a feat, usually of engineering Inducement rule , a copyright test used in United States courts Induce (disambiguation)
Insurance is reactionary, and carriers need time to see if and when the tariffs impact claims. “Over time, the tariffs could be expected to push up average claim severities,” says Dr. Hartwig.
USS Nimitz at sea. In politics, hard power is the use of military and economic means to influence the behavior or interests of other political bodies. This form of political power is often aggressive (), and is most immediately effective when imposed by one political body upon another of less military and/or economic power. [1]
An insurance broker typically doesn’t know all the policy details for every policy type and insurance company. There could be policy exclusions, terms and conditions they may not be aware of ...