Examlex
Mutually exclusive events exist if only one of the events can occur on any one trial.
Market-based Approach
An economic strategy that relies on market forces such as supply and demand to address issues and allocate resources.
Socialized Approach
A method or practice where resources are owned, managed, and provided by the community as a whole or by a government, often emphasizing universal access to goods and services.
Single-payer Approach
A healthcare system where a single public or quasi-public agency organizes health care financing, but delivery of care remains largely private.
Medical Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
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