Economic Loss
This is a constant phenomena in this recent time, especially during this period of recession. Economic loss indicates a loss in a person's finances, as indicated in the balance sheet.
Economic loss is a term of art which refers to financial loss and damage suffered by a person which is seen only on a balance sheet and not as physical injury to person or property.Link
The basic fact about economic loss is that it would not be feasible to the eyes when it happens but it is in play. An economic loss may take time before it emanates into reality.
Every good business man or financially literate person checks himself and his asset regularly to make sure he is in a good economic condition, mostly economic growth is a good way to start.
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