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Personal Finance > Investing (Other) Understanding the difference between Particular & Fundamental Risk

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Particular risk

- A particular risk has its origin in individual events and its impact is felt locally e.g. theft of property, accident damage to machines or explosion of boiler.

Fundamental risk

- A fundamental risk is one that is impersonal both in origin and consequence.

- the losses that flows from the fundamental risk ar not normally caused by one individual and their impact generally falls on a wide range of people.

- they are termed as fundamental as they arise out of the nature of the society we have e.g. war, inflation, changing custom or from some form of physical...

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