Definition
- Financial disruption is a significant reduction in income or household assets
- Type of economic disruption is the type of events which is predicted to disrupt household finances, consisting:
a. Loss of household member or other family, applicable not only for household member but also to the others outside of household which is with their deaths led to decrease in household income.
b. Household member or other family illness that need hospitalization or ongoing treatment, if their illness led to disruption in household finance.
c. Household member who lost their job or business failure, including business failure due to fraud. But if the failure is caused by fires, floods, or other cataclysm, then not included in this events.
d. Losses on household assets and household business assets due to fire, earthquake, or other disaster.
e. Harvest failure, due to drought, pests, etc.
f. Reduced household income due to very low crop/products prices, if the prices of agricultural products decreased sharply when the harvest / production sales.
g. Reduced household income due to season/climate change, and it causing disruption in household finance.