Examlex
Most nations recognize that private enterprise is detrimental to business growth and what is best for consumers. Recently, a nation had the opportunity to sell its government-owned telecommunication system to a private firm. Instead it realized that it would be better off if it raised taxes so that it could maintain the status quo.
Supply Curve
A visual chart demonstrating how the price of an item correlates with the volume of that item that sellers are ready to provide.
Insurance
A financial product that transfers the risk of financial loss from an individual or business to an insurance company, in exchange for premium payments.
Lloyd's of London
A British insurance and reinsurance market where members join together as syndicates to insure and spread risks.
Asbestos Claims
Legal claims filed by individuals exposed to asbestos seeking compensation for health issues developed as a result of that exposure.
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