Tag responsibility

Legal Ethics

Legal ethics examines the moral principles and standards that govern the conduct of legal professionals, ensuring the integrity of the legal system and the protection of clients' rights.
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Moral Hazard

Moral Hazard refers to the situation where one party engages in risky behavior knowing that it is protected against the consequences, often due to insurance or other safety nets, leading to potential inefficiencies in markets. This concept is crucial in economics and finance, highlighting the interplay between risk and responsibility.
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