Households dissave when en their consumption exceeds their incomes. The extra money comes from two sources: credit and past incomes, also known as savings. When a house dissaves it can either borrow money from financial institutions or spend money that was previously saved. Everyone cannot dissave at the same time because banks would not have enough money to fund everybody's excessive consumption.
A deductible is a sum of loss from which the insurance policy expressly excludes coverage.
What do you mean by insurance contract?
In a legal document called as an insurance contract, the agreement between an insurance provider and the insured is laid out. Every insurance transaction is centered around the insuring agreement, which specifies the risks covered, the policy's limits, and the length of the policy.
What type of contract is an insurance policy?
One party only makes an enforceable guarantee in a unilateral contract, which is referred to as such. When it comes to making a legally binding commitment to pay covered claims, the insurer alone establishes unilateral contracts that make up the majority of insurance policies.
Learn more about insurance contract: brainly.com/question/14526380
#SPJ4
Answer:
In 1960, Rostow published his classic Stages of Economic Growth, which outlined five phases that all countries would go through to become developed: 1) conservative culture, 2) take-off preconditions, 3) take-off, 4) maturity push, and 5) high-mass-consumption age. There is no precise term for the stages of economic development, unlike the stages of economic growth (which were suggested in 1960 by economist Walt Rostow as five specific stages: conventional society, preconditions for take-off, take-off, drive to maturity, and age of high mass consumption).
Explanation:
Hope this helps!
Please mark me as Brainlinest.
It should be noted that in a private club, alcoholic beverages may be served only to D. All of the above.
<h3>What is a private club?</h3>
In a private club, a permit is given that allows the authorization of alcoholic beverages to be stored and possessed on club premises.
Also, in a private club, alcoholic beverages may be served only to and consumed by member, a family member of a club member, and a guest who is brought to the club by a member.
Learn more about private club on:
brainly.com/question/4483904
Answer:
I think angels ......,..............
