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Precautionary motive |
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Precautionary motiveA desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay.Precautionary motive Similar MatchesPrecautionary demand (for money)Precautionary demand (for money)The need to meet unexpected or extraordinary contingencies with a buffer stock of cash. Precautionary principlePrecautionary principleThe view that when science has not yet determined whether a new product or process is safe or unsafe, policy should prohibit or restrict its use until it is known to be safe. Applied to trade, this has been used as the basis for prohibiting imports of GMOs, for example. |
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