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According to the geography hypothesis, differences in income per capita should
Mitigate Damages
A legal principle requiring a party suffering loss to take reasonable action to minimize the extent of the damage or loss.
Nonbreaching Party
The party in a contract who has not violated the agreement and is often entitled to legal remedies.
Reliance Damages
Compensation granted for loss suffered as a result of relying on a promise or agreement that was later breached.
Injured Party
An individual or entity that has suffered harm or loss, usually as a result of another's action or inaction.
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