Answer:
Risk and hazard are closely related terms that are often used interchangeably, but they have distinct meanings and implications. Understanding the difference between risk and hazard is important for assessing and managing potential dangers in various contexts.
A hazard refers to a potential source or situation that can cause harm, damage, or adverse effects. Hazards can be natural, such as earthquakes, floods, or wildfires, or they can be human-made, such as chemical spills, accidents, or unsafe working conditions. Hazards exist regardless of whether there is exposure or vulnerability to them.
On the other hand, risk is the probability or likelihood that a specific hazard will result in harm or adverse consequences. It takes into account not only the existence of a hazard but also the potential impact it may have on individuals, communities, or the environment. Risk is a combination of the probability of an event occurring and the severity of its consequences.
Step-by-step explanation: