Question
Download Solution PDFThe loss of life is maximum if the flood water suddenly enters the inhabited areas at night. The loss of life during the floods is considered as _____________ loss.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFExplanation:
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Intangible Loss: This type of loss refers to impacts that are not easily quantifiable in monetary terms, such as the loss of human life, emotional trauma, or cultural heritage.
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The death of individuals, especially in sudden and unexpected circumstances like nighttime floods, is a profound loss that cannot be measured or replaced, hence it is classified as intangible.
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Tangible Loss: In contrast, tangible losses refer to physical assets that can be measured in monetary terms, such as damage to property, infrastructure, and crops.
Last updated on Jul 1, 2025
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