Examlex
A theory is a formulation of apparent relationships among observed events.
Self-employment
A state in which an individual works for himself or herself instead of working for an employer that pays a salary or a wage.
Expected Utility
A theory in economics that calculates the anticipated utility or satisfaction from different possible outcomes, taking into account their probabilities.
Risk Averse
A term describing an individual's or entity's preference for minimizing risk, favoring safer options over riskier ones.
Flood Insurance
A specific insurance coverage against property loss from flooding, typically required for properties in flood-prone areas.
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