Differentiate hazard and disaster. Write a detailed account on disaster and economic impacts.

Hazard and disaster are two related but distinct concepts in the context of environmental and occupational safety. They both pertain to potential risks and threats, but they differ in their nature, scope, and consequences.

Hazard:
A hazard refers to any condition, substance, or situation that has the potential to cause harm, damage, or adverse effects to people, property, or the environment. Hazards can be natural, such as earthquakes, floods, or hurricanes, or they can be human-made, like chemical spills, electrical malfunctions, or unsafe working conditions. Hazards can be inherent and exist without necessarily causing immediate harm, but they have the potential to lead to adverse outcomes if not properly managed or controlled.

Hazards can be categorized into various types, including physical hazards (e.g., radiation, noise, heat), chemical hazards (e.g., toxic chemicals, gases), biological hazards (e.g., pathogens, viruses), ergonomic hazards (e.g., repetitive motion, poor posture), and psychosocial hazards (e.g., _______ _____ _______ __________ ____ ______ ________.
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