Understanding and Classifying Different Types of Risks
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Understanding and Classifying Risks
Risk: It may be called risk to any action, process, or event which might cause injury, disease, economic loss, or environmental damage. With the exception of wars, natural disasters such as hurricanes, floods, and earthquakes are those which reach a greater magnitude.
Classification of Risks
Cultural Technology Risk
Originating as a result of human error in productive activities (oil spills, radioactive leaks, industrial pollution,...) or lifestyles and socio-political activities (drugs, alcoholism, eating habits, smoking, war, dangerous sports,...).
Natural Hazards
Caused by natural causes (profound alteration of the environment as a result of natural processes). They can be:
Organic Hazards
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