Natural disasters can have economic impacts from "summary" of Economics of the Environment by Robert N. Stavins
Natural disasters such as hurricanes, earthquakes, and floods can wreak havoc on communities, causing widespread destruction of homes, infrastructure, and businesses. The economic impacts of these disasters can be significant, often leading to billions of dollars in damages and losses. When a natural disaster strikes, the immediate costs include repairing damaged property, restoring infrastructure, and providing emergency services to those affected. These costs can quickly add up, putting a strain on local and national economies. In addition to the immediate costs, natural disasters can also have long-term economic impacts. For example, businesses may be forced to close temporarily or permanently due to the damage caused by a natural disaster. This can lead to job losses, reduced economic activity, and a decrease in tax revenue for local governments. The disruption to supply chains and transportation networks can also have ripple effects throug...
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