Question

How does rusting cause monetary loss to the world

Answer 1

it breaks the bridges and other iron structures.
This cause very loss to the world.
I hope it helps you.
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Answer 2

Due to rusting event it breaks the bridges and other structures which are made with iron. Rusting phenomenon is called as corrosion which occurs in moist air. It is an electro chemical reaction which occurs in environment in presence of water vapor in air. This process causes damage to iron structures and monetary loss to country.

To control such phenomenon humidity should be controlled and metallic coating should be done.