economy can be prevented from the adverse impact of medical
pandemic and threat like COVID-19 by adapting following manner-
- SPENDING ON
R&D-in the economic planning,proper amount of
funds should be allocated to the Research and Development wing so
they could keep researching against the
probable threat which can arise in
future.
- IMPROVEMENT IN
MEDICAL FACILITIES-there should be proper
arrangement of medical resources and equipment in the
hospitals,therefore proper medical facilities should be provided to
the citizens and by doing this the sudden supply shortage and panic
situation among the people can be
eliminated.
- AWARENESS
AMONG PEOPLE-the most important investment which
can be made is the spending on people awareness concerned with the
pandemic.people should be realized and made aware of the threat and
all measures and steps undertaken by
authorities are meaningless if public don't
co-operate.
- PRECAUTIONARY
MEASURES-prevention is better than cure,therefore
people should follow the precautionary
measure like wearing mask in social place,social distancing,work
from home culture etc which would help government to combat with
covid-19
- INVESTMENT IN
HUMAN CAPITAL-ultimately we can conclude that the
importance in the fight against the corona virus is completely
depend upon the human productivity based on knowledge and
literacy.all the developed nations are conducting research on
vaccination and thus instead of war spending, funds should be spent on
schools,colleges and educational institutions because efficient and
productive manpower is the most important asset of any
economy.