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What do you understand by the concept of conservatism

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What do you understand by the concept of conservatism? Why is it also called the concept of prudence? Why is it not applied as strongly today as it used to be in the Past?

Reference no: EM13856307

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What do you understand by the concept of conservatism : What do you understand by the concept of conservatism? Why is it also called the concept of prudence? Why is it not applied as strongly today as it used to be in the Past?
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