Definitions[ edit ] Firefighters at work The Oxford English Dictionary cites the earliest use of the word in English in the spelling of risque from its from French original, 'risque' as ofand the spelling as risk from It defines risk as: Exposure to the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility.
May When people care enough about something to do it well, those who do it best tend to be far better than everyone else.
There's a huge gap between Leonardo and second-rate contemporaries like Borgognone. You see the same gap between Raymond Chandler and the average writer of detective novels. A top-ranked professional chess player could play ten thousand games against an ordinary club player without losing once.
Like chess or painting or writing novels, making money is a very specialized skill. But for some reason we treat this skill differently. No one complains when a few people surpass all the rest at playing chess or writing novels, but when a few people make more money than the rest, we get editorials saying this is wrong.
The pattern of variation seems no different than for any other skill. What causes people to react so strongly when the skill is making money? I think there are three reasons we treat making money as different: As far as I can tell, the first is mistaken, the second outdated, and the third empirically false.
Could it be that, in a modern democracy, variation in income is actually a sign of health? I didn't realize there were power plants out there generating it.
Likewise, it doesn't occur to most kids that wealth is something that has to be generated. It seems to be something that flows from parents.
Because of the circumstances in which they encounter it, children tend to misunderstand wealth. They confuse it with money.
They think that there is a fixed amount of it. And they think of it as something that's distributed by authorities and so should be distributed equallyrather than something that has to be created and might be created unequally.
In fact, wealth is not money. Money is just a convenient way of trading one form of wealth for another. Wealth is the underlying stuff—the goods and services we buy. When you travel to a rich or poor country, you don't have to look at people's bank accounts to tell which kind you're in.
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You can see wealth—in buildings and streets, in the clothes and the health of the people. Where does wealth come from? This was easier to grasp when most people lived on farms, and made many of the things they wanted with their own hands.
Then you could see in the house, the herds, and the granary the wealth that each family created. It was obvious then too that the wealth of the world was not a fixed quantity that had to be shared out, like slices of a pie.
If you wanted more wealth, you could make it.The Journal of International Business and Cultural Studies (JIBCS) publishes original, unpublished manuscripts related to international business, global economics, transnational cultural relations and societal issues as they affect international business.
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There's a huge gap between .