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What is a leveling mechanism? What is its purpose? Give two examples of leveling mechanisms from foraging societies and one from pastoral societies.
Unsystematic Risk
The type of risk that is specific to a company or industry, stemming from factors like management decisions or regulatory changes, and can be mitigated through diversification.
Limited Number
A restricted quantity, usually referring to a specific allocation or issuance of items, resources, or opportunities.
Standard Deviation
A measure of the dispersion or variability of a set of data points from their mean, used in statistics to quantify the amount of variation or dispersion of a dataset.
Total Risk
The complete spectrum of all types of risk that an investment or project might face, including both systematic and unsystematic risks.
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