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Suppose you come into possession of two "silver" dollars,one minted in the 1950s which contains a lot of silver,the other minted in the 2000s which contains no silver at all.The legal exchange rate between the coins is fixed at one for one.According to Gresham's law,the 1950s silver dollar
Risk Society
A society where the management and prevention of risks, particularly those that are man-made, become central to social, political, and economic life.
Technological Determinism
The theory that technology shapes and determines the development of human social structure and cultural values.
Normal Accidents
The concept that in complex systems, accidents are unavoidable and inherent due to the intricate interactions and dependencies of system components.
Capital Investment
Money spent by a business entity to acquire or upgrade physical assets such as property, industrial buildings, or equipment to increase its long-term revenue.
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