Desert climateThe desert climate or arid climate (in the Köppen climate classification BWh and BWk) is a dry climate sub-type in which there is a severe excess of evaporation over precipitation. The typically bald, rocky, or sandy surfaces in desert climates are dry and hold little moisture, quickly evaporating the already little rainfall they receive. Covering 14.2% of Earth's land area, hot deserts are the second most common type of climate on Earth after the polar climate.
Operational riskOperational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business operations. Employee errors, criminal activity such as fraud, and physical events are among the factors that can trigger operational risk. The process to manage operational risk is known as operational risk management.
Adaptive capacityAdaptive capacity relates to the capacity of systems, institutions, humans and other organisms to adjust to potential damage, to take advantage of opportunities, or to respond to consequences. In the context of ecosystems, adaptive capacity is determined by genetic diversity of species, biodiversity of particular ecosystems in specific landscapes or biome regions. In the context of coupled socio-ecological social systems, adaptive capacity is commonly associated with the following characteristics: Firstly, the ability of institutions and networks to learn, and store knowledge and experience.
Switching barriersSwitching costs or switching barriers are terms used in microeconomics, strategic management, and marketing. They may be defined as the disadvantages or expenses consumers feel they experience, along with the economic and psychological costs of switching from one alternative to another. For example, when telephone service providers also offer Internet access as a package deal they are adding value to their service. A barrier to switching is then formed as swapping internet services providers is a time consuming effort.
