Question

Identify the causes of risk highlighted in the given statements: a) Higher interest rates increase the cost of production, reduces the purchasing power of consumers. b) Taj hotel in Mumbai had to shut its operation for than six months due to 26/11 terror attack. c) Thousands of businessman had to suffer heavy losses due to Gujrat earthquake on 26January 2001. d) Perishable goods such as ice cream and milk may be spoiled because of breakdown of cooling machine of refrigerator. e) An increase in excise duty or custom duty on a product may reduce the profit margin of a business undertakings.

Answer 1

a) Higher interest rates increase the cost of production, reduces the purchasing power of consumers. Expensive production

b) Taj hotel in Mumbai had to shut its operation for than six months due to 26/11 terror attack. Terrorism

c) Thousands of businessman had to suffer heavy losses due to Gujrat earthquake on 26January 2001.- Natural calamity

d) Perishable goods such as ice cream and milk may be spoiled because of breakdown of cooling machine of refrigerator. - mechanical failure

e) An increase in excise duty or custom duty on a product may reduce the profit margin of a business undertakings. - government tax

Explanation:

• There are many factors that cause risk and damage to human life and property. in addition to this there are certain factors such as expensive production and government taxes that reduce the earning of normal people

• natural calamity and terrorism cause both destruction of life and loss of large amount of wealth due to medical procedures on the people who are affected due to  the natural calamity.

To know more about natural calamities,

Write about natural calamities and their on impact on people ..

.https://brainly.in/question/12746822

Answer 2

Answer:

1. economic causes (change in prices)

2. natural causes(other)

3. natural causes(geographical changes)

4.natural causes

economic changes