Question

from a financial point of view, what level of damage was caused by these floods?​

Answer 1

Answer:

Floods have large social consequences for communities and individuals. As most people are well aware, the immediate impacts of flooding include loss of human life, damage to property, destruction of crops, loss of livestock, and deterioration of health conditions owing to waterborne diseases.In addition to damage costs, flooding results in lost productivity, reduced hours worked and losses in GDP due to the need for resources to be put towards recovery efforts and away from daily activities.

Explanation:

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Answer 2

Answer:

Flood damage is defined as all the varieties of harm provoked by flooding. It includes all detrimental effects on people, their health, and properties; on public and private infrastructure, ecological systems, cultural heritage, and economic activities (Messner & Meyer, 2006). Understanding the nature of flood damage is important in assessing flood risk. For most people, the benefits of flood risk reduction at the coast is the direct flood damage on property and economic activity avoided as a result of schemes to reduce either the frequency or impact of flooding (Penning-Rowsell et al., 2013). However, the consequences of flooding for people are more complex. Following Smith and Ward (1998), we can classify flood losses into direct and indirect losses. Direct losses are caused by the physical contact of the floodwater with humans, property, or other objects, and the location of the flood will indirectly affect networks and social activities, causing indirect losses (e.g., disruptions of traffic, trade, and public services). Further, we can distinguish between immediate or long-term consequences and tangible or intangible consequences. Such consequences depend on the land uses found within the floodplain. Immediate impacts of flooding can include loss of human life, damage to property and infrastructure, and destruction of crops and livestock. Examples of long-term impacts include the interruption to communication networks and critical infrastructure (such as power plants, roads, hospitals, etc