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Pollution Abatement
Measures and actions taken to reduce, control, or eliminate pollution from various sources in order to protect the environment.
Law of Diminishing Returns
A principle stating that if one factor of production is increased while other factors are held constant, the marginal product of the increased factor will eventually decrease.
Moral Hazard
A situation where one party takes risks because they know they will not have to bear the full consequences of their actions.
Divorce Insurance
A type of financial product designed to provide financial protection to individuals in case of a divorce, typically by paying a lump sum.
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