Black Swan Events And Unicorn Companies

Definition and Significance
Question:
Discuss about the Economic Environment of Black Swan.
A black swan may be referred as an even or a situation that negates beyond what was normally anticipated of a particular situation and is extremely hard to forecast. The term became famous as a result of Nassim Nicholas, a professor of finance and once a trader in the Wall Street. According to the professor, Black swan events occur randomly and are sudd…