How Is Business Different From Gambling
Many business people believe that taking a risk is the opposite of gambling as the latter is all about taking a chance, whereas a business is more based on a long-term business plan aimed at making a profit but understanding the reality that it may carry a loss. Others say that the difference between the two is very wafer-thin and has similarities. Both aim at making money; carry the probabilities of making money or losing money, and gambling outlets and casinos are business enterprises run by professional business people whose aim is to make a profit for themselves or the shareholders/persons who have a stake in the casinos....