Question
Difference between Natural Risks and Man- made Risks
| Points | Natural Risks | Man –made Risks |
| $1.$ Meaning | Due to sudden change in natural factors business is adversely affected. It is called natural risk. | Due to man’s action when business faces difficulties it is called man –made risk. |
| $2.$ Cause | Movement under the earth, changes occurring in come are responsible for natural risk. | Man made strike, fire, accident, riot, etc. create risk. |
| $3.$ Example | Earthquake, cyclone, flood, heavy, rain, drought, tempests, Tsunami, etc. are natural risks. | Recession in business, change in technology and fashion, uselessness of machinery, strike, fire, accident, etc. are man – made risk. |
| $4.$ Loss | Natural calamity causes heavy loss to business. | Man – made risks are less dangerous than natural risks. |
| $5.$ Is it prevented? | Natural risks can not be prevented. Its effect has to be endured and faced. | Some of the man – made risks can by prevented by proper management. |
| $6.$ Estimate | It is estimated when natural risks will arise. | About some of the man - made risks such as strike, riot, change in fashion one can have some idea before they occur. |
| $7.$ Government Aid | Government helps economically during natural risks. | Only sympathy in words is received during man – made risk. |
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