Fill in the blank with an appropriate phrase. ________are activities that are dangerous to complete and manage such as construction, electrical work, or manufacturing.

Pure risks are defined as situations in which there is only a possibility of loss or breaking even - there is no scenario in which the risk event produces a profit or gain. Activities like construction, electrical work, and manufacturing carry inherent hazards where something can go wrong, but performing the activity successfully simply yields the expected result, not a financial gain from the risk exposure. This distinguishes pure risks from speculative risks, which carry the possibility of either gain or loss.