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• Insurance And Its Economic Importance
  Humans are inherently risk-averse. One of the basic human needs is the need for security. Faced with the constant threat of a wide variety of risks, prosperity, social security and economic growth can only be secured in the long term. If society has effective social risk management, this is possible. Various mechanisms and institutions have. […]
• What Is The Economic Principle?
  The economic principle or principle of profitability is a principle of economic action. The aim is to optimally use one’s own economic opportunities. They can formulate it as a maximum or minimum principle. With the maximum principle, you can seek the best possible result with the available resources. With the minimum principle, you need to. […]