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_____ Exists in Small,isolated,and Self-Sufficient Pre-State Societies in Which Individuals

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_____ exists in small,isolated,and self-sufficient pre-state societies in which individuals share common values and develops strong emotional ties to the collectivity.


Definitions:

Premium

An amount paid in addition to a standard price, often for insurance, or a higher or more privileged level of service or product.

Expected Value

A calculated average of all possible outcomes of a particular random variable, weighted by their respective probabilities.

Certain Income

Certain income refers to a guaranteed or fixed amount of earnings that an individual or entity can expect to receive over a period.

Uncertain Income

Uncertain income refers to earnings that fluctuate and are not guaranteed, often associated with irregular work or investment returns.

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