Finance

Precautionary Principle

Precautionary Principle

The term “precautionary principle” is usually considered to include arisen in English at a translation of the German term Vorsorgeprinzip inside 1980s. The precautionary principle or approach to risk management states that when an action or policy carries a suspected risk of causing problems for the public so they can the environment, inside absence of scientific consensus that this action or policy is not harmful, the burden of proof that it is not harmful declines on those acquiring an action.