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insens350 [35]
3 years ago
11

Insurance Vs Speculation​

Social Studies
1 answer:
Nuetrik [128]3 years ago
3 0

Explanation:

Insurance is concerned with the economic problems created by pure risks. Speculative risks are not insurable. Both speculative risk and pure risk involve the possibility of loss. However, speculative risk also involves the possibility of gain as well - even if there is no loss.

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