Overview
Disaster economics is a vital field that examines the economic consequences of disasters and the strategies for recovery and resilience. Understanding the economic impacts helps communities prepare better and allocate resources effectively. By focusing on resilience planning, societies can reduce th...
Key Terms
Example: Hurricanes, earthquakes, and floods are types of disasters.
Example: A resilient community can bounce back after a disaster.
Example: A flood can lead to loss of jobs and property damage.
Example: Recovery efforts include rebuilding homes and infrastructure.
Example: Risk assessments help determine which areas are most vulnerable to disasters.
Example: Building levees to prevent flooding is a form of mitigation.