The Relevance of Notions of Risk and Uncertainty in Investment Decision to Base at Local

Veronica Pasa Stignei


Investing resources in the local public interest objectives locally involves taking risks caused by system operation and efficiency level established. Uncertainty and risk meet anywhere (even local government), combined in different proportions, so that the process has consciously assumed taking place in every field of activity, uncertainty can be eliminated.


public investment decision; investment risk; uncertainty

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ISSN: 2344-1321 (online)