Explain any two non – economic risks.

1.	Explain any two non – economic risks.
Answer» 1. Risks Related to Climate – Suitable temperature, rainfall, humidity, cold are the important parts of climate. Any imbalance in climatic features increases business risk. Less rainfall, extreme fluctuation in temperature, etc. affect the demand and supply of business commodities. 2. Risk Related to the Population – There is a direct effect of size of population, growth rate, age, sex, literacy level, etc. on business. The demand pattern and marketing strategies also undergo changes, increasing the possibility of risks.

Answer»

1. Risks Related to Climate –

Suitable temperature, rainfall, humidity, cold are the important parts of climate. Any imbalance in climatic features increases business risk. Less rainfall, extreme fluctuation in temperature, etc. affect the demand and supply of business commodities.

2. Risk Related to the Population –

There is a direct effect of size of population, growth rate, age, sex, literacy level, etc. on business. The demand pattern and marketing strategies also undergo changes, increasing the possibility of risks.

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