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