Mass wastingMass wasting, also known as mass movement, is a general term for the movement of rock or soil down slopes under the force of gravity. It differs from other processes of erosion in that the debris transported by mass wasting is not entrained in a moving medium, such as water, wind, or ice. Types of mass wasting include creep, solifluction, rockfalls, debris flows, and landslides, each with its own characteristic features, and taking place over timescales from seconds to hundreds of years.
Landslide classificationThere have been known various classifications of landslides. Broad definitions include forms of mass movement that narrower definitions exclude. For example, the McGraw-Hill Encyclopedia of Science and Technology distinguishes the following types of landslides: fall (by undercutting) fall (by toppling) slump rockslide earthflow sinkholes, mountain side rockslide that develops into rock avalanche Influential narrower definitions restrict landslides to slumps and translational slides in rock and regolith, not involving fluidisation.
Moral hazardIn economics, a moral hazard is a situation where an economic actor has an incentive to increase its exposure to risk because it does not bear the full costs of that risk. For example, when a corporation is insured, it may take on higher risk knowing that its insurance will pay the associated costs. A moral hazard may occur where the actions of the risk-taking party change to the detriment of the cost-bearing party after a financial transaction has taken place.
