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Meaning of principal-agent problem | Babel Free

Noun CEFR B2

Definitions

The problem that a person or entity serving as an agent for another, and able to make decisions on the other's behalf, may be motivated instead to make decisions that benefit themselves.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

principal, headmaster principalist Principalities Principality Principality of Abkhazia Principality of Albania

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