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Example of Marginal Rate of Substitution (MRS) Application

The marginal rate of substitution (MRS) is one of the most important concepts in economics. MRS indicates the level of replacement between two goods that can be accepted by a

admin admin 8 Min Read

InsurTech: Forms of Technology Implementation in the Insurance Industry

Insurtech is short for "insurance technology", which is the implementation of technology into the insurance industry. Today, insurtech is experiencing rapid growth and is starting to become an integral part

admin admin 8 Min Read