What is direct economic loss?

Now when it comes to economic losses, there cannot be a straightforward and simple answer. So, give the answer from a legal perspective. What is direct economic loss

The cost of personal injury or death caused by the accident, the cost of aftermath treatment and the value of the damaged property.

The statistical range is as follows.

①Expenses incurred for personal injury or death. Including medical expenses (including nursing expenses), funeral and pension expenses, subsidies and relief expenses, and suspension wages.

②Aftercare costs. Including accident handling costs, on-site rescue costs, site clean-up costs, accident fines and compensation costs.

③Property damage expenses. Including fixed asset losses and current asset losses.

 

Another type of direct economic loss refers to the actual value of property damage caused by a direct causal relationship with disciplinary violations. Calculating economic losses mainly calculates direct economic losses. Direct economic losses are an important factor in measuring discipline. Direct economic losses are an important measure of the relevant provisions of the "Regulations on Disciplinary Punishment of the Communist Party of China" for "minor circumstances", "serious circumstances" and "causing huge losses". According to relevant regulations, if a violator takes the initiative to recover losses during or after a disciplinary violation, the violator may be given a lighter or mitigated punishment, except for losses recovered by the organization through case handling. Definition of direct economic loss

Definition 1:

Direct economic loss refers to the loss caused directly by the destruction of facilities, the decline in output or quality, and can generally be calculated using market prices. Indirect losses refer to losses caused by mining subsidence that degrades certain functions of environmental resources and affects other production and consumption systems

Definition 2: (l) Direct economic losses refer to road property losses, excluding Vehicle damage, casualty losses, (2) Other accident types refer to vehicle accidents and illegal driving by drivers

Definition 3: Direct economic losses refer to the damage to the affected body after being damaged by floods and droughts. Economic losses directly caused by the reduction or loss of one's own value, excluding any intermediate links and indirect economic losses. Generally speaking, direct economic losses are a constant quantity and are the central content of flood and drought disaster loss assessment

Definition 4: Direct economic losses refer to the labor or material costs required for equipment repairs that occur directly, or the value of equipment scrapped due to accidents. If it does not constitute an accident, it is equipment failure, and if there are casualties, it is a major accident. , equipment with professional regulations determines the accident level according to relevant regulations

Definition 5: Water resources will cause economic losses when they are polluted. This loss is caused by the reduction or loss of the value of water resources after they are polluted. Specifically, it can be divided into direct economic losses and indirect economic losses. Among them, direct economic losses refer to the economic losses suffered by the water-use sector directly due to pollution

Definition 6: It is generally believed that direct economic losses refer to Damage in material form directly caused by disasters, such as reduction in grain production, damage to buildings, public facilities and equipment, etc.

Definition 7: Compensation for the first two items is relatively easy in foreign trade claims practice The handling and resolution of the third item is often a difficult problem and is even uncertain in economic and legal terms at home and abroad. It is difficult to define through negotiation or judicial ruling. Usually we refer to the first two items as direct economic losses.