Course Content
Basic concept and definitions of firms, plant, industry and their interrelationships with respect to agricultural production
0/1
Agribusiness environment, management systems, and managerial decisions
0/3
Preparation of financial statements and analysis, agribusiness financing
0/5
Leadership and motivation, economic principles involved in capital acquisition
0/3
Impact of government policies on agribusiness enterprises
0/2
Learn Agribusiness Management, marketing and cooperatives with Rahul

Difference between risk and uncertainty:

Risk

Uncertainty

1. Imperfect knowledge that may result to adversity and loss where the probabilities of the possible outcomes are known.

1. Uncertainty refers to situations where it is not possible to attach probabilities to the occurrence of events. The likelihood of their occurrence is never known by the decision maker or by anyone else

2. Probability can be estimated.

2. Probability cannot be estimated.

3. Possible to guess.

3. Not possible to guess.

4. Can be insurable.

For example: Fail/pass= 1⁄2= 0.5<1.

4. Can’t insurable.

For example: Bird flue

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