Examlex
Health Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
Normative
Relating to or dealing with norms, especially in the sense of prescribing what ought to be rather than describing what is.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Positive Economic Statement
A factual claim about the world that can be tested and validated, referring to what is, rather than what ought to be.
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