Examlex
Small, kin-based groups that hunt and gather over a particular territory and constantly break up and re-form in response to conflicts are referred to as what?
Income Increase
Income increase refers to the rise in an individual's or household's earnings, affecting their purchasing power and consumption habits.
Fair Insurance Policy
An insurance policy for which the premium is equal to the expected value of the claim.
Risk-Averse
The characteristic of preferring to avoid risk, opting for lower but more certain returns over potential higher but uncertain returns.
Probability
A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
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