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A U.S.federal court found Napster to be in violation of copyright laws because it enabled people to obtain music files without paying the creators of the music for access to their material.Following this ruling,in March 2002,Napster closed its free services.
Diversified
A strategy that involves spreading investments across various financial assets, industries, or other categories to reduce risk.
Market Risk
The risk of losses in investments due to factors that affect the overall performance of the financial markets.
Systematic Risk
The overall impact of market-wide phenomena on the value of investments, as opposed to risks that are specific to a particular investment.
Nondiversifiable Risk
Also known as systematic risk, it refers to the portion of an investment's risk that cannot be eliminated through diversification, affecting the entire market or economy.
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