Recall that pure risk is defined as a situation in which there are only the possibilities of loss or no loss, and speculative risk is described as a situation in which either profit or loss is possible.
Recall that pure risk is defined as a situation in which there are only the possibilities of loss or no loss, and speculative risk is described as a situation in which either profit or loss is possible.
Recall that pure risk is defined as a situation in which there are only the possibilities of loss or no loss, and speculative risk is described as a situation in which either profit or loss is possible.