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Why is climate so varied within highland regions?
Diminishing Marginal Utility
The principle that says additional units of a good or service provide less added satisfaction than previous units.
Risk-Averse
describes an individual or entity that prefers to minimize risk, choosing options that are deemed safer or involve less uncertainty.
Insurance Premiums
Payments made to an insurance company in exchange for coverage against specified risks over a period.
Demanders Of Insurance
Individuals or entities that seek to protect themselves against financial losses by buying insurance policies.
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