What is the difference between moral hazard and morale hazard?

June 30, 2024 No Comments

A: Morale hazard is an insurance term used to describe an insured person’s attitude about his belongings. It arises when the person does not care about his possessions because he knows he is insured. For example, suppose a person pays insurance for his new phone.

What is the difference between moral hazard and morale hazard?

July 7, 2024 No Comments

What is the difference between perfect and imperfect competition?

June 30, 2024 No Comments

A: Perfect competition is a microeconomics concept that describes a market structure controlled entirely by market forces. In a perfectly competitive market, all firms sell identical products and services, firms cannot control prevailing market prices, market share per firm is small, firms and customers have

What is the difference between perfect and imperfect competition?

July 7, 2024 No Comments

What is the difference between positive and normative economics?

June 30, 2024 No Comments

A: The distinction between positive economics and normative economics may seem simple, but it is not always easy to differentiate between the two. Positive economics is objective and fact based, while normative economics is subjective and value based. Positive economic statements must be able to be tested and proved or disproved. Normative

What is the difference between positive and normative economics?

July 7, 2024 No Comments

What is the difference between preferred stock and common stock?

June 30, 2024 No Comments

A: The differences and similarities between common stocks and preferred stocks are numerous. Both represent a piece of ownership in a company, and both are tools investors can use to try to profit from the future successes of the business. The main difference between the

What is the difference between preferred stock and common stock?

July 7, 2024 No Comments

What is the difference between price inelasticity and inelasticity of demand?

June 30, 2024 No Comments

A: These two measurements are interrelated, and are used in conjunction to understand market production and purchasing. Price elasticity of supply and elasticity of demand are both economic means of understanding price and demand sensitivity. Price elasticity expresses how much the price of a good

What is the difference between price inelasticity and inelasticity of demand?

July 7, 2024 No Comments

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