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Fundamental risk refers to the potential for widespread losses affecting large groups or entire economies, often due to systemic factors such as natural disasters, economic recessions, or geopolitical events. In contrast, particular risk is specific to an individual entity or asset, such as a company's operational failures, management decisions, or local market conditions. While fundamental risks are typically beyond an individual's or company's control, particular risks can often be managed or mitigated through strategies like diversification or insurance.
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What is the difference between risk and uncertainty?
First of all that is improper grammar. Second, uncertainty is not knowing or being sure of something. Risk is either a cool board game or doing something dangerous. doing something dangerous is taking a risk.
Difference between pooling of risk in shortterm and longterm insurance?
terms period
What are similarities and differences between insurance and risk management?
"Risk management" might be considered to be the umbrella topic. Managing risk can be accomplished by risk avoidance, taking measures to reduce or ameliorate risk, or risk transfer. Insurance is the fundamental form of risk transfer because the financial impact of an untoward event (the risk) is transferred to a third party (the insurer) in return for the payment of a premium.
What is the difference between risk retention and self insured?
Risk retention refers to the ability to accept risk and or can be referred to as risk taking, however self insured refers to a situation when someone is very much hopeful
Difference between types of risk and classification of risk?
Types of risk means definition of different types of risk by your own means to facilitate your understanding. Classification of risk means the definition of different types of risk using technical terms to standardize it for the people.
How does fundamental risk differ from particular risk?
Fundamental risk is a risk that affects large population for eg natyral calamities and disasters like Earthquake, Floods while Particular risks are the risks faced by indivdual or a small group of individuals such as a motor accidents, personal injuries
What is Difference between wholesaler and retailer on the basis risk?
what is Difference between wholesaler and retailer on the basis risk?
What are the fundamental goals of risk?
what are the fundamental goals of risk management
What is difference between constraint an risk?
A constraint is a limitation that is visible and present. The difference between a constraint and risk is that a risk is problem that is not yet seen, or a potential problem.
What are the difference between political risk and country risk?
they are the same
What is the difference between transaction risk and economic risk?
Transaction is bank risk
What are the fundamental goals?
What are the fundamental goals of risk management
What is the difference in risk assumed between participating and non-participating policies?
What risk? Assumed by who?
What is the difference between mitigation and remediation?
Reduce the impact of risk is MitigationRemoval of risk is Remediation
What fundamental goals of risk management?
The fundamental goal of risk management is to minimize the cost of risk and to maximize a firm's value (in the context of business risk management).
What is fundamental goal of risk management?
The fundamental goal of risk management is to minimize the cost of risk and to maximize a firm's value (in the context of business risk management).
What is the fundamental goal of risk management?
The fundamental goal of risk management is to minimize the cost of risk and to maximize a firm's value (in the context of business risk management).
