Examlex
What type of risk focuses upon future contingencies?
Economic Efficiency
A situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
Social Insurance Programs
Programs that replace the earnings lost when people retire or are temporarily unemployed, that are financed by payroll taxes, and that are viewed as earned rights (rather than charity).
Means Tests
Evaluations used to determine an individual's eligibility for certain financial or social assistance based on their income or assets.
Social Insurance Programs
Government-sponsored programs that provide financial protection to individuals against economic risks such as unemployment, illness, and old age.
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