Question

what does vulnerability describe? in economics subject
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Answer 1

Explanation:

Concepts and Measurements

In this paper, economic vulnerability is defined as the exposure of an economy to exogenous shocks, arising out of economic openness, while economic resilience is defined as the policy-induced ability of an economy to withstand or recover from the effects of such shocks.

Answer 2

Answer:

The concept of vulnerability expresses the multi-dimensionality of disasters by focusing attention on the totality of relationships in a given social situation which constitute a condition that, in combination with environmental forces, produces a disaster”