10th Nov 2008
Social Values of Insurance
By reducing risk insurance permits a better apportionment of capital, with a resulting increase in productivity. For example, if you were planning to invest in a grocery business and found yourself unable to buy fire insurance, you might well change your plans and invest in some other business in which insurance is available. Other investors would very likely do the same, for they, too, would be unwilling to take ...Social Values of Insurance
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