Risk is real while risk management is a vague term. The uncertainty of the future events generally eats the return on investment. Understanding the risk and uncertainty is the only solution.
he world has engulfed into an unprecedented economic crisis due to the COVID-19 pandemic. Initially, COVID-19 was started as a global health crisis with limited implications on the economy, but soon it became an economic crisis. The COVID-19 crisis highlighted the flaws in current prevalent systems. The Economic system, Healthcare System, Environmental protection, and Social System need immediate revamping for the continuous and healthy growth of the world.