Business is important for economic development. Economic stability and growth depend on business activity. It plays a vital role in providing goods and services. The decision making strategy of a businessman can have a great effect on future outcomes in the form of profits or losses.
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But with the increase of speculative transactions, the risk factor also increases. Knowing the difference between investments and speculation is very important for your business and profit-making. Doing your market research and evaluation work, relying on critical thinking, and questioning conventional wisdom is the best option that can work for you.
References
- https://pdfs.semanticscholar.org/f242/4b9db7beb11da589e78bd68224f930433bf8.pdf
- https://titaniumvermogensbeheer.nl/wp-content/uploads/2019/07/Fail-Save-Investing.pdf
- https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=4280&context=lkcsb_research