Answer:
Vulnerability and Risk
What is Vulnerability
Vulnerability describes the characteristics and circumstances of a community, system or asset that make it susceptible to the damaging effects of a hazard. There are many aspects of vulnerability, arising from various physical, social, economic, and environmental factors.
What is Risk
Risk (or more specifically, disaster risk) is the potential disaster losses (in terms of lives, health status, livelihoods, assets and services) which could occur to a particular community or a society over some specified future time period. (Reference UNISDR Terminology)
It considers the probability of harmful consequences, or expected losses (deaths, injuries, property, livelihoods, economic activity disrupted or environmentally damaged) resulting from interactions between natural or human induced hazards and vulnerable conditions.
