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Inflation rates

In economics, inflation is defined as the general increase in prices of goods and services over a certain period of time. This can occur due to various factors such as an increase in demand, a decrease in supply, or changes in government policies. Inflation affects the purchasing power of consumers and can have a significant impact on the economy. As a knowledgeable finance professor, I encourage you to stay informed about inflation and its implications in our daily lives.

Actuarial Cost Method

One essential tool in the realm of finance is the method used to calculate contributions within an insurance plan. This provides a comprehensive understanding of the financi...

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Alternative dispute resolution (ADR)

When faced with a dispute, there are alternatives to the traditional route of heading straight to court. These methods, known as alternative dispute resolution (ADR), can pr...

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Social sector

In the world of finance, there exists a spectrum of groups that are often overlooked or misunderstood. These include the unorganised sector, informal sector, economically vul...

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Replacement cost

When discussing personal property and dwelling property insurance, we must understand the concept of replacement cost coverage. This type of insurance provides the full amou...

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