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How do tornadoes affect the economy like jobs business and money?
Wiki User
∙ 9y ago
Jobs: While there may be jobs added in some fields, such as contruction, in many cases employees will have to be laid off as workplaces have to be rebuilt or repaired. Jobs may be lost locally as some people will move away rather than rebuild in the same area,
Business: Construction and contracting businesses will benefit, due to reconstruction, but most will suffer as they will have to rebuild or close for repairs, which means lost revenue in the mean time. Some businesses may also lose productivity with workers who are injured or killed.
In terms of money, there will be some circulation, but most of this will go to construction and repair. Many will lose money paying insurance deductibles or replacing uninsured property. The Government is prepared to supply relief for tornadoes and other disasters, but this is balanced out by higher taxes.
In general, the economic disadvantages that come with natural disasters such as tornadoes outweigh the advantages. Think about Haiti or Japan. They have lost a great amount of money due to their natural disasters (tourism, real estate...).
Wiki User
∙ 9y ago
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How do tornadoes affect the economy?
well the economy gets money....so its good for them because the government pays them for the damages a tornado does.
Which of these can affect the economy by increasing or decreasing the money supply?
The Federal Reserve Board can affect the economy by increasing or decreasing the money supply.
How does copper affect the economy?
it does affect becuaase we are weasting money
Explain how different monetary policies affect the money supply in the economy?
"Explain how different monetary policies affect the money supply in the economy?"
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Why is a tornado bad for the economy?
Tornadoes destroy property and money must be used to restore property.
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