COMPARISON OF THEORETICAL VIEWS ON THE EMERGENCE OF HIGH RISKS IN BUSINESS
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 66)Publication Date: 2022-10-31
Authors : Huseynov Akbar;
Page : 9-12
Keywords : business sector; market economy; government regulation; economic reforms; foreign trade; minimum wages; internal and external risks; economic potential;
Abstract
One of the most difficult issues in the post-pandemic period, bringing the business sector to the pre-pandemic situation or to a positive trend line has become one of the main goals of the countries of the world. Of course, this situation and the economic reforms carried out are completely different from each other. If we take a general look, risks in business move with increasing and decreasing tendency due to internal and external political and economic processes. Various theoretical approaches to this problem have proven that the risks arising in the business sector are seriously dependent on ineffective state regulation, lack of healthy competition in the market economy, delays in innovative reforms, occurrence of unexpected natural disasters, lack of resources that have a certain impact, and the effects of ineffective legal acts. Although economists put forward different assumptions about the occurrence of high risks in business, there are also common opinions on some issues. According to most economists, the collision of protectionist and liberal approaches in the organization of business is a very serious issue caused by the failure of governments to find an “effective middle ground”. It can be said that the difficulty arises during the correct application of expansionary and contractionary fiscal and monetary policies by countries.
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