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Breakdown of risk by type of premises




Breakdown of risk by type of premises - Can be distinguished:

• risks inherent in, say, that you can predict based on the law of large numbers, namely the uncertain phenomena, but having known and described the history and thus subject to probabilistic description - natural disasters, disease, currency fluctuations, equipment failures, etc.

• subjective risk - due to human incompetence, making the analysis and a decision-taking,

• objective risk - arising from the unpredictability of future events, such as scientific discoveries, new technologies, political upheavals, etc.


See also:
Symptoms Risk
Strategies for handling risk
The essence of the social division of labor
The paradox of sheep rush
Consumer's budget line

Thanks for Sorry for all grammatical and spelling mistakes. All definitions was translated from polish language. Oryginal definition: here