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moral hazard

English Thesaurus

1. (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance) (noun.state)
:endangerment, hazard, jeopardy, peril, risk,
definition:a source of danger; a possibility of incurring loss or misfortune (noun.state)
:economic science, economics, political economy,
definition:the branch of social science that deals with the production and distribution and consumption of goods and services and their management (noun.cognition)

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