Risk Management and Insurance
Economic resilience refers to the ability of an economy to withstand or recover quickly from disruptive events, such as natural disasters, financial crises, or significant shifts in the market. This concept emphasizes the importance of adaptive capacities, resourcefulness, and recovery strategies that help minimize the negative impacts of these disruptions. By promoting economic stability and sustainability, economic resilience plays a vital role in supporting individuals, businesses, and communities during challenging times.
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