Overview
Economic resilience is a vital concept that helps communities prepare for and recover from various shocks, such as natural disasters or economic downturns. By understanding the strategies that enhance resilience, such as diversification and community engagement, learners can appreciate the importanc...
Key Terms
Example: A city that quickly rebounds after a natural disaster demonstrates economic resilience.
Example: The COVID-19 pandemic was a major economic shock affecting global markets.
Example: A town that supports both tourism and agriculture is diversifying its economy.
Example: Roads, bridges, and public transport systems are critical infrastructure.
Example: Community meetings help gather input on resilience strategies.
Example: Sustainable practices in agriculture help maintain food security.