_________ and Liability Insurance Are Both Systems That Are Subject

question 26

Short Answer

_________ and liability insurance are both systems that are subject to public perception, which is changing constantly, according to Roy R. Anderson.

---

Definitions:

Goods and Services

Goods and services constitute the output of an economy's production activities; goods are tangible products, while services are intangible benefits or functions sold to consumers.

Resource

Assets or inputs used in the production of goods and services, including natural resources, labor, and capital.

Fundamental Resource

Basic inputs used in the production of goods and services, typically including labor, capital, land, and entrepreneurship.

Labor

The physical and mental effort used to produce goods and services.