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Describe three notions of fairness.
Economic States
Different conditions of an economy, characterized by various indicators like GDP growth, unemployment rate, inflation, and market trends.
Probability
A measure of the likelihood of a particular event or outcome, expressed as a ratio between 0 and 1.
Expected Return
The projected average return on an investment over a given period.
Economic Scenarios
Hypothetical constructs detailing possible future economic conditions, used for planning and risk assessment purposes.
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