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Bushfires affect the economy in many ways, for example the price of food rising, the value of money changing and insurance companies in debt because they have to pay for damages.
The cost of food rising when a bushfire has occurred is because many farms providing the food are burnt down. When the farms are damaged or even destroyed, they cannot produce any food for our communities. This means food is more valuable, and consequently, the price of food rises.
The reason the value of money changes when a bushfire occurs is because many businesses can be destroyed in the bushfire. If businesses are damaged, that means people cannot work at the businesses. If people cannot work at these businesses, people do not receive any money. This also means that people cannot pay for their food, electricity, water and basic resources, making them in debt. If people are in debt, the value of money changes and can sometimes become unstable.
The reason that insurance companies become in debt is because they have to pay for all the damage that is caused by a bushfire. Insurance companies cannot just ignore the damage to the lives of their users because, then their reputation is damaged. This means that if insurance companies pay for the damages, they are usually in debt. If companies are in debt, this causes the economy to change for the worse and also, like above, make the value of money change.
The economy definitely changes when a bushfire occurs. I hope I have informed you on the changes in our economy when a bushfire happens.
What else can I help you with?
How does bushfires effect economy?
the economy looses millions of dollars paying for repairs
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It makes the economy stronger and more efficient.
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The economy of Chile suffers
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How dose labour unions can effect a Mixed economy
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prices rise
How does bushfires effect economy?
the economy looses millions of dollars paying for repairs
Was Victoria wealthy before the Black Saturday bushfires?
The Black Saturday bushfires had no long-term effect on Victoria's economy. The government of the time was causing some difficulties for the state, but the state was as wealthy as most other states in Australia (with the exception of Western Australia which is enjoying a rich mining boom).
What Do Bushfires Destroy?
Bushfires can destroy vegetation, wildlife habitats, homes, infrastructure, and agricultural crops. They can also have long-lasting impacts on the ecosystem by altering soil quality and water systems.
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I wanted to know what effect does Technical Colleges have on the economy
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they make the land unsuitable for growth of plants and theres a more likely chance of bushfires
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#1 What are bushfires called in German? (or any language you'd like) #2 Where are bushfires found? #3 What kind of soil do bushfires grow in?
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it damaged it.
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Bushfires cannot happen during flooding rains.
Bushfires that begin with the letter z?
Bushfires do not have names, unlike cyclones and hurricanes.
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snob effect meaning status
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The economy increased due to the devaluation of the coins.
What effect did the Embargo Act have on American economy?
amost destroyed american economy
