Hawley's risk theory of profit
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1F. B. Hawley offered his risk theory of profit in 1893. According to Hawley, risk in business arose from product obsolescence, a sudden fall in prices, superior substitutes, natural calamities, or scarcity of certain crucial materials.
Source: https://en.wikipedia.org/wiki/Hawley%27s_risk_theory_of_profit
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Tags:
Business
Businessrisk
Deflationeconomics
Deprecation
Doiidentifier
Entrepreneur
Financialcompensation
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