Answer to Question #177076 in History for Damica

Question #177076

Explain speculation is regarded as a form of gambling


1
Expert's answer
2021-04-06T08:33:55-0400

Speculation and gambling are two different actions used to increase wealth under conditions of risk or uncertainty. Gambling refers to wagering money in an event that has an uncertain outcome in hopes of winning more money, whereas speculation involves taking a calculated risk in an uncertain outcome.


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