1. Home
  2. damages and risk
  3. loss
Scope note
a loss is counted if it is an economic loss – unless otherwise specified. An economic loss is a measure of the impact of the disaster on the specified economy. It is taken as being equal to the resources (expressed in time, money or intangible loss) lost by the specified area as a result of the disaster (see Net loss). This is distinct from the financial losses due to the disaster which are the losses borne by individual enterprises as well as the other sectors. Many individual business losses do not amount to economic losses as their losses are offset by other businesses gaining the trade, or are made up over time.
Bibliographic note
draft report danube
Accepted term: 02-Sep-2011