Examlex
Comenius (in the 1600s) was the first to advocate the use of music with younger children.
Premium
A premium refers to the additional amount paid for a product, service, or insurance policy over and above its basic cost.
Risk Reduction
Strategies or actions taken to decrease or mitigate the level of risk.
Expected Value
A statistical measure that calculates the average outcome of a random variable or process, factoring in all possible values and their probabilities.
Efficient Allocation
The distribution of resources in such a manner that it's impossible to improve anyone's condition without worsening someone else's.
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