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natima [27]
3 years ago
15

Insurance is deemed by some as a social and merit good. Discuss the pros and cons of insurance within the context of it being de

scribed as a social good. With that being said, whose responsibility is it to provide insurance to society? Corporates, Individuals or the Government? Substantiate your opinion to its full extent.
Business
1 answer:
Alex787 [66]3 years ago
8 0

Insurance is a social and merit good as it makes financially risk averse people better off. It can help protect a business or a person from financial loss, liabilities or instability in the case of an owner or business partner's death. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.

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The returns of a capital amount to a compensation rate for depositing the money, to calculate these returns an interest rate is used by which the deposited capital is multiplied, in this case the rate is 4%.

As the money distributed is only the product of interest, then that money is the result of multiplying the capital by the interest rate, to obtain how much money Mr. Jefferson contributed, the reverse process will have to be done.

Answers

let <em>C</em> be the capital, then :

C\times4 \%  = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500

The capital contributed by Mr. Jefferson was <em>$4,262,500</em>

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A person that owes money

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I am pretty sure it’s D.
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As you move through your career and begin to seek promotions, it is helpful to show commitment to always doing your job in the same way no matter what.

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