Examlex
The database engine is the front-end portion of the client/server database system that provides the user interface and data manipulation functions.
Asymmetric Information
A situation in which one party in a transaction has more or superior information compared to another, often leading to an imbalance in power or unfair advantages.
Adverse Selection
A situation in which one party in a transaction has more or better information than the other, often leading to a misallocation of resources.
Moral Hazard
A situation in economic theory where one party is willing to take more risks because the negative consequences of the risk will be borne by another party.
Moral Hazard
A situation where one party is more likely to take risks because another party bears the consequences of those risks.
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