Examlex
Explain what Mill means when he says, "It is by associating the doing right with pleasure, or the doing wrong with pain, or by eliciting and impressing and bringing home to the person's experience the pleasure naturally involved in the one or the pain in the other, that it is possible to call forth that will to be virtuous, which, when confirmed, acts without any thought of either pleasure or pain."
Financial Investment
Allocating money into an asset or a project with the expectation of generating income or profit.
Government Bond
A type of investment where an investor loans money to a government in exchange for periodic interest payments plus the return of the bond's face value at maturity.
Moral Hazard
The situation where one party in a transaction has the opportunity to take risks because they know the other party will bear the costs.
Portfolio's Risk
Portfolio's risk is the level of uncertainty associated with the returns on a collection of assets held by an investor.
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