The Recurring Floods in Bihar: Tragic and Traumatic

The frequent occurrence of floodings induces the victims to save more to sustain themselves in extreme emergencies and crises. Floods have become a costly affair for the survivors in the long term as well. Sentiments of savings induce the demand to fall. The falling of demand pulls employment opportunities back, leaving the residents, who are also the survivors, to work in meager conditions. These crises also take away the lives of the laborers in these regions causing a fall in the labor supply, which induces a fall in the supply of goods and services.

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