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Distinguish Between the Following: Insurable Risk and Non-insurable Risk - Economics

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प्रश्न

Distinguish between the following:

Insurable risk and non-insurable risk

फरक स्पष्ट करा

उत्तर

Insurable risk
Non-insurable risk
It refers to the risk that is insured by various insurance companies.
It refers to the risk that is not insured by any insurance company.
This includes risks against fire, risks against sea perils etc.
This includes risks arising out of changes in government policies, changes in the demand for a product etc.
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पाठ 7: Factors of Production - Exercise 3 [पृष्ठ ६१]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 7 Factors of Production
Exercise 3 | Q 1.3 | पृष्ठ ६१

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