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What Are The Effects Of Flood In Economy?

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Aisha Profile
Aisha answered
Floods usually have devastating effects on the Economy of a country. Flood causes many disasters to land, property and people. It destroys whatever comes in its way. Flood destroys the crops and livestock thus limiting or completely eliminating their contributions to the economy. It also destroys road and railway networks in the affected area, So transportation of goods and people is effected, which also causes the economy to suffer. It destroys or damages buildings, factories, warehouses etc which often results in closing down of work in these places due to which not only the common workers suffer but also the industries suffer. Also, the government has to invest huge amount of funds and manpower in rehabilitation of people and industries, which also causes the economy to suffer at the national level.
sana Adnan hussain Profile
Flood mainly effects the GDP of a country as
1-consumption of individual drops down
2-govt has to invest extra-ordinarily for rehabilitation of economic sectors
3-investment of country is effected
4-net exports are in deficit
all these components effect national income and economy is suffered
Anonymous Profile
Anonymous answered

floods have very destructive affect to a country as they destroy the agricultural goods and  livestock , factories and many houses are destroy in floods due to overflow of water into the city

Anonymous Profile
Anonymous answered

yes

Anonymous Profile
Anonymous answered

Floods usually have devastating effects on the Economy of a country. Flood causes many disasters to land, property and people. It destroys whatever comes in its way. Flood destroys the crops and livestock thus limiting or completely eliminating their contributions to the economy. It also destroys road and railway networks in the affected area, So transportation of goods and people is effected, which also causes the economy to suffer. It destroys or damages buildings, factories, warehouses etc which often results in closing down of work in these places due to which not only the common workers suffer but also the industries suffer. Also, the government has to invest huge amount of funds and manpower in rehabilitation of people and industries, which also causes the economy to suffer at the national level.

Anonymous Profile
Anonymous answered
There would have been quite a massive impact on the economic business. Many things were stopped or damaged which didn’t help the ongoing activities in a country. Crops were destroyed, livestock were killed and businesses were washed away. These things could have been crucial to a city but instead they were knocked down.
aamir jamali Profile
aamir jamali answered
Basically an economy of country performs main role in the progress of the country.
And  floods or any type of disaster damages of destroyed the economy badly.
Where as a question which is asked by you about the effects of flood on an economy, so dear when ever a flood comes it obviously destroyed the crops even it stops the progressive activities in a country.

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