Stakes, or risks, refer to the potential negative outcomes associated with a decision or action. They represent what could be lost or harmed if things do not go as planned. Understanding stakes is crucial in various fields, including business, finance, and personal decision-making, as it helps individuals weigh the consequences of their choices. In everyday life, stakes can vary from minor inconveniences to significant losses. For example, investing in the stock market involves financial stakes, where one risks losing money if the market declines. Similarly, choosing to start a new job may carry personal stakes, such as job satisfaction and work-life balance.