How does disaster management affect the economy of a country
Explore the relationship between disaster management and economic development
- Disasters can cause significant damage to infrastructure, property, and assets, resulting in large economic losses for businesses and individuals.
- Disasters can disrupt supply chains, leading to shortages of goods and services and further economic losses.
- Effective disaster management can reduce the impact of disasters on the economy by preventing damage and mitigating losses.
- Preparedness measures, such as building codes and early warning systems, can help reduce damage and losses before a disaster strikes, which can save money in the long run.
- Disaster management can also create new economic opportunities, such as in the construction industry, where rebuilding efforts can generate employment and economic growth.
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a year ago