Examlex
When two or more groups do not trust one another, and do not believe that institutional constraints will protect them, there is potential for
Inductive Reasoning
A method of reasoning in which specific observations or sets of observations are used to make general conclusions.
Normative Statement
An opinion or judgment that expresses what ought to be, encompassing values or ideals, rather than factual assertions.
Positive Statement
An objective statement that can be tested or validated and is based on factual information.
Efficient Market
A financial market theory suggesting that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the average market return.
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