A hazard is something that has the potential to cause harm, such as a chemical substance, an object, or a situation. A risk, on the other hand, is the likelihood or probability that harm will actually occur as a result of exposure to a hazard.
In other words, a hazard is a potential source of danger, while a risk is the chance that harm will actually be caused by that hazard.
For example, driving a car at high speed on a wet and slippery road is a hazard because it can potentially cause an accident. The risk of an accident depends on several factors such as the driver’s skill, the condition of the vehicle, the weather, and the condition of the road. If the driver is experienced, the car is in good condition, and the weather and road conditions are favorable, the risk of an accident may be low. However, if any of these factors are unfavorable, the risk of an accident may be high.
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