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도덕적 해이

This term refers to a lack of incentive to guard against risk where one is protected from its consequences. It’s used in both economics and general ethics.

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Examples in context

금융 기관의 도덕적 해이가 위기를 초래했다

The moral hazard of financial institutions caused the crisis

복지 제도의 허점은 도덕적 해이를 낳는다

Loopholes in the welfare system breed moral hazard

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