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Recession Risk
The likelihood of an economic downturn, characterized by a significant decline in economic activity across the economy lasting more than a few months.
Partial Certainty
This refers to a scenario in business or decision-making where there is some known information, but complete certainty about outcomes is not possible, reflecting a mix of known and unknown variables.
Expected Outcome
The anticipated result of an action, decision, or event, based on current knowledge, probabilities, and reasoning.
Utility
In economics, the satisfaction or benefit derived by consuming a product or service.
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