Definition: Risk

Category: Environment

Expected losses (of lives, persons injured, property damaged and economic activity disrupted) due to a particular hazard for a given area and reference period. Based on mathematical calculations, risk is the product of hazard and vulnerability. http://ec.europa.eu/eurostat/ramon/statmanuals/files/KS-RA-09-012-EN.pdf
Source:
Eurostat, The Environmental Goods and Services Sector (2009 Edition), Office for Official Publications of the European Communities, Luxembourg, 2009
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