Define Risk and describe major sources of risk

Risk Definition: Unexpected fluctuation/changes in earnings, prices of assets Risk can be of positive, negative, neutral impact/outcome for the parties concerned Examples of Risk: Loss in real estate business caused by sub prime mortgage crisis Increase in sale of military equipment caused by conflicts around the world Major Sources of Risk: The following are some of the major sources of risk: Production Marketing Financial Business Human Legal Note: There can be many more classifications of risk depending on what is being looked at.