Risk is the uncertainty of expected future events. Risk arises from uncertainty. There is a difference between risk and uncertainty. First, all uncertainty is not risk. Uncertainty cannot be measured, whereas risk can be measured. Uncertainty is the fear of something unexpected happening. The portion of uncertainty that can be measured is called risk. Difference Between Risk and Uncertainty: Risk means the possibility of financial loss. Businessmen take risks to make a profit and earn profit as a reward for taking the risk. Risk can be insured against to reduce…
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