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Inductive reasoning is often used to:
Social Insurance
Government-sponsored programs that provide financial protection to individuals against economic risks (e.g., unemployment, disability, old age).
National Health Insurance
A system of insurance that guarantees health care coverage to all residents of a country, typically funded by taxes.
Entrepreneurial System
An economic framework where businesses are initiated and managed by individual or collective entrepreneurs, aiming to earn profit and innovate within a market.
Salaried Practices
Employment situations where professionals, such as doctors, are paid a fixed salary rather than being compensated based on the volume of services they provide.
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