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The evolution of uncertainty or development of economic perception for the risk

Author

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  • Galin Markov

    (University of Economics - Varna)

Abstract

Risk is one of the main categories in à modern life. The research of its nature requires study of historical background of the category. The article presents dynamic of the understandings for risk in the economic theory. The purpose is to define the essence of the risk and its characteristics. Used methodology is related with literature review. After the conducted research it can be stated that risk is uncertainty ñconnected with concrete economic fact.

Suggested Citation

  • Galin Markov, 2017. "The evolution of uncertainty or development of economic perception for the risk," Economics and computer science, Publishing house "Knowledge and business" Varna, issue 3, pages 18-29.
    • Handle: RePEc:kab:journl:y:2017:i:3:p:18-29
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    File URL: http://eknigibg.net/Volume3/Issue3/spisanie-br3-2017_pp.18-29.pdf
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