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why is the distinction between insurable and uninsurable risks is significant for the theory of profit

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What is the distinction between free good and economic good?

thats right


Concepts in industrial relations?

Industrial relations is the business unit that manages the human resources, employment relations and personnel. Concepts of this includes creating the distinction between employee relations and industrial relations as well as the distinction between labor law and employment laws.


What is the difference between sale and barter exchange?

the main distinction between sale&agency contract?


What is the nature of economist Alan blinder crucial distinction?

Economist Alan Blinder is known for his crucial distinction between "micro" and "macro" economic perspectives. He emphasizes that microeconomic analysis focuses on individual agents and market mechanisms, while macroeconomic analysis looks at aggregate outcomes and broader economic phenomena. This distinction is vital for understanding how policies might affect the economy at different levels and helps clarify the interplay between individual behaviors and overall economic trends. Blinder's insights contribute to a clearer understanding of economic policy implications.


Why is the distinction between intermediate and final goods important for measuring GDP?

The distinction between intermediate and final goods is important for measuring GDP because only the value of final goods should be included in GDP. Including the value of intermediate goods would result in double counting, as their value is already accounted for in the final goods they are used to produce. By focusing on final goods, GDP accurately reflects the total value of goods and services produced in an economy.

Related Questions

Distinctions between insurable and uninsurable risks?

If I understand your question correctly, each insurance company has a list of unacceptable vehicles and unacceptable drivers. These lists are different for each carrier.


What is difference between marketable title and insurable title?

What is difference between marketable title and insurable title?


Can you take out life insurance for someone else?

There must be insurable interest between you and the person you want to insure. Insurable interest mean that you must be financially and emotionally affected if the person dies.


Can daughters buy life insurance on their father?

Yes. As long as there exists an Insurable Interest between two parties, they can buy life insurance. For instance, there is insurable interest between spouses, parents and their children, and relatives. A daughter may purchase life insurance on her father.


Can you give me a sentence for the word distinction?

A cell wall is the primary distinction between plant and animal cells.


What is the main distinction in organizing products by use?

The major distinction in this system is between consumer and industrial products.


Is there a distinction between male and female penguin?

NO


Why did the distinction between the KTSs and PBXs lessen?

The distinction between the KTSs and PBXs became more blurred as technology brought more intelligence to the KTS


What part of speech is the word distinction?

The word "distinction" is a noun. It refers to a difference or contrast between similar things, or a recognition of excellence or uniqueness.


Can you take out life insurance on your parent?

Yes you can purchase life insurance on your parent. In order to buy life insurance on another person there must exist an Insurable Interest in that person. There does exist an insurable interest between siblings, spouses, and parents and children.


What is the difference between the population and sample regression functions Is this a distinction without difference?

What is the difference between the population and sample regression functions? Is this a distinction without difference?


What is a sentence for the word distinction?

The soldier, having served with distinction, was given a medal at the end of his army service.There is a clear distinction in the mind of most decent people between Good and Evil.