DOI: https://doi.org/10.36719/2663-4619/117/73-78
Tehrana Mammadova
Nakhchivan State University
Master student
https://orcid.org/0009-0009-6013-1073
oguzmemmed2013@gmail.com
Business Risks and Their Manifestation in the Areas of the
Economic System
Abstract
Purpose of the research – to study the essence of business risks, as well as to assess their role both in the life of the state, its regions, and in the activities of economic entities that differ in various characterictistics.
Research methodology-the use methods such as observation, grouping, comparative analysis, and balance analysis.
Research results- clarifying the essence and significance of risks of various orientations in the economic sectors of the Republic of Azerbaijan, a comprehensive study of their causes, and the formation of possible interrelated influences.
Partical significance of the research-both in the theoretical aspect, self-identification of risks, and in the practical aspect, clarification of qualitative characteristics of risk factors and their classification, development of the recommendations for the positive and negative features, and the implementation of more precise and thoughtful measures for economic sectors and directions.
Originality and scientific novelty of the research-evaluation from the point of view of risks of possible situations intended for economic sectors using various scientific methods, mechanisms and tools implementation of multifactor research by ensuring different approaches from different angles, conducting various general and related assessmnets of risks.
Keywords: business activity, business risk, economic system and its sectors, sectoral risk, risk levels