what is the impact on Economy of floods
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Frequent flooding, resulting in loss of livelihoods, production and other prolonged economic impacts and types of suffering can trigger mass migration or population displacement. Migration to developed urban areas contributes to the overcrowding in the cities.
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Flood has many severe causes on a country's economy
- It can causes acute food shortages in an country.
- It can lead to economic crises in a country.
- As flood is termed as a natural disaster it can a great loss of life and property.
- As flood contains contaminated water it can cause diseases in the affected area.
- As flood causes great loss to life and property to repair the damage caused the will have to take loan which will result in high taxation and the prizes of items will also rise.
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