Answer: Option (D).
Explanation: Uncertainty is a condition where there is no knowledge about the future events. The key difference between risk and uncertainty is that uncertainty refers to not knowing possible outcomes or their probabilities while risk can be measured and quantified, through theoretical models. Risk is the potential for uncontrolled loss of something of value while Uncertainty is a potential, unpredictable, and uncontrollable outcome, risk is an aspect of action taken in spite of uncertainty.
Answer:
Narrowcasting
Explanation:
Based on the information provided within the question the term being defined in this statement is called Narrowcasting. This term (also known as niche marketing) is the process that media organizations focus on by targeting small specific groups (niches), individuals or audiences, instead of just marketing something into the bigger and wider mainstream audience. This is usually done in order to broadcast a certain message to the people that will actually care about that message.
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Marx's theory relies on economic determinism and takes into account material possibilities while Weber also considers culture and politics into economy.
Explanation:
Marx's communist theory relied on material and class claims on which the theory and economics is based around.
Marx was not aiming to create a fool proof theory of economics but making a societal point through focus on materialism.
Contrasted with Weber who can be termed an early economist. Weber was very much in an attempt to develop something along the lines of an economic theory in which culture and politics are also emphasized upon.
The influence of culture and politics on economics was his lasting work.
Answer:
Explanation:
Supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. In equilibrium the quantity of a good supplied by producers equals the quantity demanded by consumers.
