What is the relationship between hazard and risk?

Hazard: something that could potentially cause harm. Risk: the degree of likelihood that harm will be caused.

Explanation:

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Hazard: something that has the ability to cause harm to something or someone. Risk: the degree, or percentage of likelihood that that harm will be caused.

Explanation:

Hazard: something that has the ability to cause harm to something or someone. e.g. broken glass is a hazard as someone might step on it and cut themselves.

Risk: the degree, or percentage of likelihood that that harm will be caused. e.g. it is almost certain that if you go near an active volcano, you will be injured in some way.

in the analysis of systems that involve fluid flow, we frequently encounter the combination of properties u and pv.