October 9, 2024
Looking at disaster economics, we can calculate the cost through a timeline that takes us to before, during, and after.
Looking at disaster economics, we can calculate the cost through a timeline that takes us to before, during, and after.
Although price gouging harms countless people after a disaster, its upside is the incentive to increase supply.
When natural disasters like hurricanes, massive snowstorms, and wildfires strike a region, their economic impact is far more than the clean-up.
The cost of a natural disaster tends to be higher in dollars in developed nations and in victims in the developing world.