Overview
Economic responses to natural disasters are crucial for recovery and rebuilding efforts. These responses include government funding, insurance mechanisms, and community planning. Understanding the economic impact of disasters helps in developing effective strategies to mitigate losses and enhance re...
Key Terms
Example: Hurricanes, earthquakes, and floods are examples of natural disasters.
Example: A city that rebuilds its infrastructure after a flood demonstrates economic resilience.
Example: Disaster recovery includes repairing homes and restoring services.
Example: Government grants for rebuilding homes are a form of financial aid.
Example: Homeowners insurance can cover damages from a fire or flood.
Example: Emergency funding is often released by governments after a major disaster.