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1. • • Definition of Inherent vice: Damage to goods which one can foresee is bound to occur during any normal transit, and which arises solely because of the nature or condition of the goods
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     What is Inherent vice? Definition and meaning - Globalnegotiator

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   What is inherent vice?

   • In the legal sense, inherent vice may make an item an unacceptable risk to a carrier or insurer. The inherent vice of capitalism is the unequal sharing of blessings. Is the machinery then set in motion in truth defective--is there some inherent vice in the construction of the state engine?

   INHERENT VICE | English meaning - Cambridge Dictionary

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   What are the inherent vices in the first idea?

   • From the very beginning is betrayed an inherent vice in the first idea, and a kind of irresolution in the manner of conceiving, distributing, and placing it. Men were beginning to see that armies raised by contract for a few months' work possessed inherent vices that made it impossible to rely upon them in small things.

   INHERENT VICE definition | Cambridge English Dictionary

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   Is there an inherent vice in cement?

   • The inherent vice of the course of policy which we had initiated was beginning to infect every branch of the administration. Failure from inherent vice in the cement has been already touched on; it can always be traced to want of skill and care in manufacture.

   INHERENT VICE definition | Cambridge English Dictionary

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   Does cargo insurance cover Inherent Vice?

   • Exclusion of insurance coverage for inherent vice is implied in every cargo policy. This type of exclusion is reinforced by the words “from any external causes” and the “all risks” coverage. The word “risk” itself implies that only fortuitous losses are intended to be covered. Insurance protects against hazards, not certainties.

   What is Inherent vice? Definition and meaning - Globalnegotiator

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3. www.globalnegotiator.com › inherent-viceWhat is Inherent vice? Definition and meaning - Globalnegotiator

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   Definition of Inherent vice: Damage to goods which one can foresee is bound to occur during any normal transit, and which arises solely because of the nature or condition of the goods.

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     Definition of Intended: A reference which may appear on...

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4. dictionary.cambridge.org › english › inherent-viceINHERENT VICE definition | Cambridge English Dictionary

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   a natural characteristic that causes some goods to be spoiled or become damaged, which insurance companies will not accept as a risk: The insurers denied any liability on the grounds that the damage was due to an inherent vice in the computer systems.

5. www.oxfordreference.com › display › 10Inherent vice - Oxford Reference

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   An inherent defect in certain goods that makes them liable to damage. Some fibres, for example, are liable to rot during shipment. If a carrier or insurer of such goods has not been warned of the inherent vice, he will not be liable for damage resulting directly from the defect.

6. dictionary.cambridge.org › english › inherent-viceINHERENT VICE | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › english › inherent-vice

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   a natural characteristic that causes some goods to be spoiled or become damaged, which insurance companies will not accept as a risk: The insurers denied any liability on the grounds that the damage was due to an inherent vice in the computer systems.

7. www.cambridge.org › core › journalsInherent Vice: Minsky, Markomata, and the tendency of markets ...

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   Jul 16, 2010 · It is an attempt to portray a market system evolving to a point of ‘inherent vice’: an endogenous development which by its very nature, cannot be tamed through conventional insurance or risk models.

   • Author: Philip Mirowski

   • Publish Year: 2010

8. www.khanacademy.org › economics-finance-domainLesson summary: Scarcity, choice, and opportunity costs

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   Scarcity is the basic economic problem because each level of economic has unlimited wants and limited resources. Economic has various level (individually, firms and governments). Because of the "Time" is scarcity/limited as individually, we as "individually" has to make decision wisely.

9. link.springer.com › referenceworkentry › 10Economic Value | SpringerLink

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   Jan 1, 2024 · Definition. Economic value is the worth of a good or service, which is determined by the market. Description. A central question in economics is: How we assess the economic value of a good? Among the competing schools of economic theory there are differing metrics for value assessment, which constitute what is widely known as the theory of value.