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

Hazard and Disaster Differentiation:

Hazard and disaster are closely related concepts, but they differ in terms of their nature, scope, and impact on the environment and human societies.

1. Hazard:
A hazard is a natural or human-made event, condition, or phenomenon that has the potential to cause harm, damage, or adverse effects to people, property, the environment, or the economy. Hazards can be categorized into various types, including natural hazards (e.g., earthquakes, floods, hurricanes, wildfires) and human-made hazards (e.g., industrial accidents, chemical spills, nuclear incidents). Hazards represent the underlying potential for disaster but do not necessarily result in disaster themselves.

2. Disaster:
A disaster is an event or series of events that result from the manifestation of a hazard and cause significant harm, damage, and disruption to human life, property, the environment, and the economy. Disasters are characterized ____ ____ ____ _____ ________ ______ ___ _________ _________ ___.
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