Economic damages

Okay, kiddo, let's talk about economic damages. Imagine you have a bunch of toys you want to sell, but someone comes and breaks them all. That's not fair, right?

Economic damages are like compensation for when someone or something causes harm to your ability to make money or keep what you worked hard to get. It's like getting paid for the things you lost or couldn't earn because of the damage.

For example, if someone crashes into your parents' car and it's destroyed, they might get economic damages to help pay for the cost of fixing or replacing the car. That's because the crash caused them to lose something valuable and they had to spend money to fix it.

Economic damages can also include things like lost wages, which means the money you would have earned if you didn't get hurt or your business wasn't damaged. So, imagine you have a lemonade stand, but it gets destroyed because of a storm. You might get economic damages to help cover the money you would have made from selling lemonade if everything was okay.

Overall, economic damages are like a safety net that can help you or your family when something bad happens and you lose the ability to make money or keep what you have.