DETERMINATION OF ECONOMIC EFFICIENCY IN TERMS OF RISK AND UNCERTAINTY
DETERMINATION OF ECONOMIC EFFICIENCY IN TERMS OF RISK AND UNCERTAINTY

Summary/Abstract: The profitability of any economic activity, in general, and in particular of the investment, depends mainly by several factors which are subject to risk and uncertainty. The economists make a distinction between risk and uncertainty, in the sense that risk is associated to an activity, an investment project is the result of uncertainty which characterizes the objective or achievement of an activity.

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