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Identify/define and explain the significance of the following: German unification.
Risk-Averse
A characteristic of preferring to avoid risk, often leading to choices that have lower potential returns to minimize possible losses.
Income
Income is the financial earnings received by an individual or entity, typically measured in terms of money earned from employment, investments, or business operations.
Risk-Averse
A descriptive term for an individual or entity that prefers to avoid risk and chooses certainty over uncertainty when making investment or financial decisions.
Insurance Premium
The amount of money that individuals or businesses must pay for an insurance policy, providing coverage against specific risks.
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