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The book presents a pivotal exploration of economic theory by differentiating between risk, which can be quantified, and uncertainty, which eludes measurement. This distinction is crucial for understanding profit in economics, as it addresses how businesses navigate unpredictable environments. The work delves into the implications of these concepts on decision-making and market behavior, offering insights that remain relevant in contemporary economic discussions.
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Risk, Uncertainty, and Profit, Frank H. Knight
- Lingua
- Pubblicato
- 2022
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