Within the scope of the economy, it is known as speculation, a process that consists of the purchase or sale of goods, with the purpose of reselling them later, when the reason for such action is the expectation that there will be a change in prices affected with respect to the prevailing price and not the profit derived from their use, or failing that from some type of transformation that is carried out on them, as well as from the transfer between different markets.
For its part, in journalism the use of speculation is quite frequent, especially if you want to find the causes that triggered an event. Speculation generally prevails until such time as a reliable source can be presented to certify such information.
In addition to the definitions set out above, it is important to note that the term is widely used in the United Kingdom to give it the name of one of the best-known games in that place as well as in the United States. Specifically, it became popular and expanded during the nineteenth century through the numerous bets that it managed to establish from a card game.
Within the world of literature it must be established that the term speculation is also used. To be a little more precise, it is used to create the concept of speculative fiction, which encompasses a whole set of genres that have fantasy as an immovable element. Therefore, this means that within this genre it includes varieties such as terror, science fiction or uchrony, which would be the alternative historical novel, among other types. In this way works such as "The Lord of the Rings" are considered works of speculative fiction just to mention a few examples.
Meanwhile, within the economic sphere, this commercial conduct requires on the part of the people who put it into practice, a certain astuteness and expertise when making the forecast and perception of the prices of the good acquired, since otherwise, it is possible end up losing a lot of money along the way.
