Question

What is the significance of mitigation

Answer 1

mitigation
noun
the action of reducing the severity, seriousness, or painfulness of something.

Answer 2

Answer:

The significance of mitigation is the "elimination" or "reduction of the frequency, magnitude", or "severity of exposure to risks", or "minimization of the potential impact" of a threat or warning. This is mainly achieved through "risk analysis", which helps in getting the "information" which acts as the base for mitigation activities that reduce risk, also "flood insurance" that protects the financial investment. Mitigation minimizes the "long-term effects" of disasters that have a huge impact on society. It helps in "preventing human and financial consequences" after the disaster. It helps in reducing the losses caused to the properties during a disaster.