Risk-benefit analysis

{
  "id": "MLC-T-ENV-024404",
  "term": "Risk-benefit analysis",
  "field": "Environment",
  "definition": "1. A formal comparison of the short- and long-term risks to the overall societal benefits of an activity, chemical use or technology. When risks and benefits are expressed in monetary terms, this is effectively a benefit-cost analysis.\n\n2. Determining and weighing the relative risks and benefits of taking a certain action. It includes determining who receives the risks and benefits.",
  "subject": "Science and research",
  "references": [
    "adapted from: CRS 2005",
    "Navy 2002; Thesaurus of Terms Used in Microbial Risk Assessment"
  ],
  "url": "https://mlchart.com/terminology/environment/risk-benefit-analysis/"
}