Economic Consequence

Definition(s)


Economic Consequence

Effect of an incident, event, or occurrence on the value of property or on the production, trade, distribution, or use of income, wealth, or commodities.

Sample Usage: The loss of the company’s trucking fleet was an economic consequence of the tornado.

Annotation: When measuring economic consequence in the context of homeland security risk, consequences are usually assessed as negative and measured in monetary units.

Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance