2021 development issues of innovative economy in the agricultural sector

 
 
“DEVELOPMENT ISSUES OF INNOVATIVE ECONOMY IN 
 
THE AGRICULTURAL SECTOR”
 
International scientific-practical conference on March 25-26, 2021. 
Web: 
http://conference.sbtsue.uz/uz
 
Commercial risks represent the probability of losses as a result of the business activities of 
business entities. According to the main types of business activities, this risk group is divided into 
production, trade and financial risks.
Production risk - the possibility of losses or additional costs associated with the failure or 
cessation of production processes, violation of the technology of operations, low quality of raw materials 
or the work of personnel, etc. 
Trade risk - the risk of loss or loss of income due to non-performance of obligations by 
one of the parties, for example, non-delivery or late delivery of goods, delays in payments, etc. 
Financial risks are related to the possibility of losing financial resources (cash). They are 
divided into two types: risks associated with the purchasing power of money and risks associated with the 
capital investment (investment risks). Risks associated with the purchasing power of money include 
inflation and currency risks. 
Inflation risk - The risk of resulting gains 
Currency risk is associated with significant losses due to exchange rate fluctuations. This 
type of risk is particularly important and requires assessment when conducting export-import transactions 
and transactions with foreign exchange values. 
Fig 2. 
Most economic evaluation and management decisions are probabilistic, multi-variable in nature. 
Therefore, errors and miscalculations are common, even if they are unpleasant. However, the manager 
should always strive to take into account the potential risk and take certain measures to reduce its level and 
cover possible losses. This is, in fact, the essence of risk management (risk management).
The main purpose of risk management (especially in the conditions of modern Russia) In the 
worst case, we can talk about the lack of profit, not about the bankruptcy of the organization. International 
business experience shows that most bankruptcies are caused by gross errors in management and 
miscalculations. Therefore, entrepreneurs and managers should pay special attention to effective risk 
management [4]. 

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