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:
July 27, at 8: To earn a profit, one must create a value that you are willing to trade with another creator of value for the value they have created. They must equally be willing to trade value for value.
The trade is accomplished as a win for both parties in the trade. The profit accrues to both parties in that they value what they received more than they gave in the trade. A measure of profit for each party is the the difference between the cost to create the value given and the cost to create the value received.
When money is used as a medium of exchange, the monetary value of the profit is the difference between the monetary cost to produce the value given and the monetary value received by selling the value received in the trade.
Without true profit, there is no production. For example, you plant a pounds of potatoes, later you harvest only pounds of potatoes. There is no net gain in potatoes and you lost the cost of planting, harvesting, and a season of caring for the crop. This lost must be paid for by prior profits from actual production either saved or borrowed.
In a very real sense, profit is simply the cost of having the capacity of producing in the future. Not the least of which is the labor theory of value in which the value of a good or service is equal to the brute labor it took to produce it.
Forgotten in the theory is the value of the knowledge, skill, intellectual property, trade secrets, facilities, capital equipment, and management that focuses the labor and makes it both efficient and effective.
This is presumed to be of no value yet it is the source of all values created. Without them, brute labor produces nothing. This is part of our challenge to be precise and accurate in our use of language. This is necessary to avoid the many double bind equivocation traps set to justify taking your stuff without paying for it.
Reality is real, it is what it is, and your words must point to real things that actually exist. Otherwise you are part of the problem.
To live, man must produce the values necessary for living. To have a future, man must profit from his trading of value for value. This is the nature of man and is relationship to reality.Small Island Developing States and Their Economic Vulnerabilities paper the major vulnerabilities faced by SIDS are discussed and when possible quantified in the form of an index.
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"The climate system is particularly challenging since it is known that components in the system are inherently chaotic; there are feedbacks that could potentially switch sign, and there are central processes that affect the system in a complicated, non-linear manner.
Dec 04, · The Barbados Programme of Action (BPOA) adopted in , further complemented by The Mauritius Strategy of Implementation (MSI) of and MSI+5 Outcome document, recognized that although they are afflicted by economic difficulties and confronted by development imperatives similar to those of developing countries generally, small island developing States .
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