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By forcing more mandatory insurance laws in to state and federal law.

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16y ago

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Continue Learning about Economics

Theory that the best business will survive and prosper?

Survival of the fittest, as in nature, dictates that businesses that respond to their environment better will perform better. These businesses will make more money and survive longer than businesses that underperform.


What is a policy in insurance?

An insurance policy is a contract between the insured and an insurance company. The policyholder pays a premium, and as long as the premium is paid and up to date, the insurance company promises to pay (cover) a certain amount of money if whatever is covered happens.An insurance policy will cover you from accidents, getting handicap, some can be to cover car accident damage or work accidents while others cover health.Types of coverage:In an automobile accident, liability insurance covers damage to the other car and any injuries to its passengers, whereas collision insurance pays for what happens to your car that the other driver's liability insurance doesn't cover. Comprehensive insurance covers other things that are not covered by the first two types of automobile policies. So if vandals ruin your pain or a tree falls on your car, comprehensive would cover that.A life insurance policy exists to help bury you when you die and to help your family to survive when you are gone.Health insurance covers you in case you get sick. There are different types of health coverage ranging from doctor visits, to hospital coverage, to medication.Homeowners insurance covers things such as fire, theft, vandalism, natural disasters, mold, water damage, etc., depending on the exact policy.Renter's insurance covers things such as theft, vandalism to the property that you might be held liable for, etc.


What the does specialization mean?

Specialize as a verb has 2 common meanings. For an entity to specialize means to pursue a specific line of work, study, expertise, etc. For an organism to specialize means to adapt through evolution to complete a specific function or survive in a specific environment.


Who decides whether or not a business will survive?

you


What crop helped Jamestown survive?

Tobacco