Some economic aspects of risk detection in the agricultural sector (რისკის გამოვლენის ზოგიერთი ეკონომიკური ასპექტი აგრარულ სექტორში)

Abstract

For Georgia, as a country with a developing economy, the development of the agricultural sector is strategically important. Which, in turn, is associated with various types of risks. Analysis of decision-making under conditions of risk and uncertainty provides an opportunity to better understand the economic environment and make optimal choices. An in-depth analysis of the issue makes it possible to make the best decision from the available alternatives. Risk is related to expected losses, and in order to minimize it, the entrepreneur/farmer must be able to predict expected risks, determine the consequences of a greater magnitude and adjust the risk. In the conditions of changing economic environment, the threat of risk in agricultural business is increasing even more. Detection of expected risks, analysis and development of effective management mechanisms is an important challenge of the agricultural sector.