Vulnerability 024
Vulnerability 024 :
If risk is one side of the coin, its other side is vulnerability, which we may loosely define as potential for losses or other adverse impacts. People, buildings, ecosystems or human activities threatened with disaster are vulnerable. Essentially, vulnerability refers to the potential for casualty, destruction, damage, disruption or other form of loss with respect to a particular element. Risk combines this with the probable size of impact to be expected from a known magnitude of hazard. Many authors have confused vulnerability with exposure: in reality they are two complementary components of risk. (Alexander, 2000)
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