The potency of life (or cost of life) is an economic value assigned to life in general, or to specific living organisms.[citation needed] In social and political sciences, it is the marginal cost of death prevention in a certain class of circumstances.[citation needed] As such, it is a statistical term, the cost of reducing the average number of deaths by one. It is an important issue in a wide range of disciplines including economics, health care, adoption, political economy, insurance, worker safety, environmental impact assessment, and globalization
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