Examlex
__________ is anything illegal to own or have in possession,such as heroin or a machine gun.
Insurance
A means of protection from financial loss, characterized by the transfer of risk from one entity to another in exchange for payment.
Consumer
An individual or group who purchases goods and services for personal use.
Expected Utility
A theory in economics that calculates the anticipated utility resulting from different outcomes in risky or uncertain situations.
Utility
(Of a consumer) a measure of the satisfaction derived from consumption of goods and services.
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