Damage is any change in a thing, often a physical object, that degrades it away from its initial state. It can broadly be defined as "changes introduced into a system that adversely affect its current or future performance"
Economics of damage
The propensity for damage to occur to physical objects and systems, as well as to intangible characteristics, is built into the prices of goods and services that depend on the supply of these things, particularly as a component of insurance costs.In law, damages are the award, typically of money, to be paid to a person as compensation for loss or injury (i.e., economic or physical damage).
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