Risk is the result in a loss of future events that will happen is uncertain events.
Peril is the cause of damage.
Hazard is conditions or factors that increase or decrease of the loss occurred.
Loss is the reduction or loss of value arising from the eventuality.
An example:
The wooden houses are near slum then an accidental fire in the slum.
An explanation:
The houses in a slum = Risk
fire = Peril
wooden houses = Hazard
Property loss = Loss
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