Economic Resiliency
Economic resiliency refers to the ability of communities and individuals to respond to shocks that may impact economic stability and well-being at the individual, household, business, or market level. Emphasis is placed on ingenuity and resourcefulness during and after an event (shock) with specific reference to actions that increase resistance, robustness, and recovery. Communities should actively identify potential economic shocks and facilitate change to reduce vulnerability, not react passively in a “business as usual” manner in the face of economic stresses.

Dr. Leith Deacon PhD