economic impacts

What Are the Economic Impacts of Epidemics?

Epidemics have far-reaching economic impacts that extend beyond the immediate health consequences. These impacts can be categorized into direct and indirect costs. Direct costs include healthcare expenses like hospitalization, medication, and public health interventions. Indirect costs encompass productivity losses, absenteeism, and the broader effects on economic sectors such as travel, tourism, and retail. Understanding these economic impacts is crucial for policymakers in designing effective intervention strategies.

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