Question

In: Economics

Identify two industries that have emerged or have been revived as a result of the COVID-19...

Identify two industries that have emerged or have been revived as a result of the COVID-19 pandemic in Ghana. For each identified industry, briefly discuss one forward and backward linkage.

Solutions

Expert Solution

THE INDUSTRIES ARE

1) Health industry : The medical industry in ghana has emerged and is earning profit on the whole,As the virus keeps on threatning the public, a number of pharmaceuticals and various health care start-ups have done certain innovations in order  to help in dealing with  new challenges posed by Covid-19.

Also medical drone delivery companies have started to look after the needs of the needy persons and health care specialists during the pandemic.

The drone delivery service was initially started to deliver emergency blood remote areas, but the company now has succeeded in being able to work with the local authorities to provide may other essential treatments like antibiotics, hydration, fever and pain killers to reduce Covid-19 related deathsand is also planning to deliver vaccines and test kits as soon as available.

As a result, the service has helped in preventing the rush at hospitals and maintaining the social distancin and has bolstered attempts to enforce effective social distancing.

BACKWARD AND FORWARD LINKAGE

BACKWARD : It is a process in which a company either imports the raw material from some other manufacturer or start producing the raw material on its own.

ONE BACKWARD LINKAGE: Like in health sector a company requires certain raw materials like cotton, syringes etc but it has started to produce the material itself ratehr than buying the raw material.

FORWARD : It is the process of selling the manufactured product directly to the customer without any interference of the retailer and wholesaler.

ONE FORWARD LINKAGE : Any medicines or any product required by the hospitals is directly sold by the pharmaceuticals to the hospitals without involving the chemists.

2)  EDUCATION : It is one of the sector which has been largely revived . Today when ofline institutions and coaching classes are shut due to COVID-19, the nline education system is getting a lot of fame as well as profit because children do not will to waste so much of time and for utilising the time they have started taking online classes .

The online educators are giving online classe to a group of people and getting alot of profit out of it.

ONE BACKWARD AND FORWARD

BACKWARD: There is no need of telling anyone to bring the students to the group, as the educators are themselves promoting their teaching without any help of some other platform.

FORWARD: The courses are directly being sold to the students and no other platform is used for advertising thier material.


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