Examlex
India seized most of Kashmir in 1948 because of its largely Hindu population.
Information Gathering
The process of collecting data or information for specific purposes, often used in decision-making.
Principal-agent Relationships
Describes a situation where one party (the principal) hires another (the agent) to perform a task on their behalf, involving issues of trust and responsibility.
Adverse Selection
A situation in financial markets where buyers and sellers have different information, leading to transactions that favor the party with more information, often seen in insurance markets.
Moral Hazard
The risk that one party to a contract can change their behavior to the detriment of another after the contract has been concluded, particularly where one party bears the cost of those actions.
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