ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is the idea that you don’t want to have “All your eggs in one basket.”
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spreading risk
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Easter agenda
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safe investing
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diversification
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Explanation:
Detailed explanation-1: -Diversification: Don’t Put All Your Eggs in One Basket.
Detailed explanation-2: -Meaning: This is a piece of advice which means that one should not concentrate all efforts and resources in one area as one could lose everything. Example: Mr Tan’s financial adviser urged him to be careful and not put all his eggs in one basket by investing all his money on stocks.
Detailed explanation-3: -By putting all their eggs in one basket – choosing to work with a single supplier – the paper manufacturer can design their process in the most efficient and optimal way and ensure that everything is connected and ready on time. It also gives them less to worry about and more time to focus on what they’re good at.
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