Examlex
When microbes are introduced into the environment to restore stability, the process is called
Moral Hazard
The situation where one party is willing to take more risks because another party bears the cost of those risks.
Insurance Industry
A sector of the economy composed of companies that provide risk management through the contract of insurance policies, offering protection against financial loss.
Moral Hazard
The situation in which one party engages in risky behavior or lacks incentive to safeguard the other's interests due to protection against the consequences.
Uncertainty
The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.
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