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Q. Indicator based definition of phoenix activity?
Many stakeholders emphasised the importance of educating the community about the signs or indicators of phoenix activity. A definition could be framed around the common indicators listed. This is a similar to the ASIC definition which identifies three key characteristics of phoenix activity. However, like the corporate form based definition, an indicator definition may become outdated as phoenix activity evolves.
A company seeing the prevalence of HIV transmission due to unprotected sexual intercourse in a country and the societal norms preventing the open use of condoms sees an opportunity
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