Examlex
Which of the following is LEAST likely to be a convenience product for most consumers?
Risk Aversion
Risk aversion is a preference for avoiding loss over making a gain, characterizing individuals or entities that prefer certainty to uncertainty in investment decisions.
Equilibrium
An equilibrium state in the market where demand equals supply, resulting in steady prices.
Independent Events
In probability theory, events that do not affect the occurrence of one another.
Insurance Premiums
Payments made to an insurance company in exchange for coverage, typically paid on a monthly or annual basis.
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