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Risk, Uncertainty, and Profit
The Economic Theory of Uncertainty in Business Enterprise, and its Connection to Profit and Prosperity in Society
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- 216 pages
- 8 hours of reading
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Exploring the concepts of risk and uncertainty, this groundbreaking economic theory delves into their distinct characteristics. Risk is portrayed as measurable and quantifiable, while uncertainty eludes such classification. The work offers a profound understanding of how these elements affect profit, providing valuable insights into decision-making processes in economics.
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Risk, Uncertainty, and Profit, Frank H. Knight
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- Released
- 2018
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- (Paperback)
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