Question

Today and due to the spread of COVID19, we can observe that some sectors in an economy are expanding will others contracting. Using the demand-supply framework, give an example for one industry that is growing and one industry that is shrinking. Use the graphs to explain your idea and demonstrate why this is happening.

800 WORDS MINIMUM

Answer 1

ANSWER:-

Underneath enterprises becoming unexpectly because of spread of COVID-19.

1).Lifestyles of Health and sustainability (LOHAS) and Wellness

the essence of the pandemic, resistance can be our greatest weapon. In view of this, and close by clear orders from numerous administration specialists to avoid swarmed places, home exercise programs and the wellness hardware industry are all around situated to blast

2).Grocery conveyances with a wind

With millions worldwide in isolate or on lockdown, there are developing chances and traps for nourishment conveyance companie

3).Online instruction and remote learning

During this flare-up, many have gone to online instruction and EdTech organizations have discovered an open door here as overall customary getting the hang of/preparing foundations are attempting to adjust and quicken their change to remote educating

4). Remote work

China's venture programming industry has been delayed to take off in contrast with the US and Europe. These days, the endeavor programming industry is getting quicker than any time in recent memory with remote work applications seeing a blast as millions hotel to telecommuting.

The following are the businesses those merchandise/administration request and supply are severely influenced because of corona infection.

1) .IT Companies:

Coronavirus mixedly affects tech organizations. With work-in-segregation approach being a command for representatives, there are organizations that benefit as much as possible from it as far as benefit. For instance:

• Slack Technologies Inc. affirms that because of the worldwide aftermath from COVID-19, there is a flood of enthusiasm for work environment joint effort programming.
• Zoom, an undertaking video correspondence arrangement is one of the most downloaded business applications in the US on Apple Store in the second seven day stretch of March 2020 (as indicated by App Annie).

2). Insurence:

The ascent of coronavirus cases may wind up with the interest for certain protection types. As the COVID-19 infection keeps on overwhelming the features, there is a climb popular and mindfulness about protection plans for wellbeing and life inclusion.

3).sports and Entertainment

Cinemas are briefly secured down pieces of India, in the midst of the COVID-19 spread.

4).Travel and Tourism

Carriers are radically cutting flights and flight rates as more individuals have chosen not to fly during the episode. As indicated by the International Air Transport Association (IATA), worldwide aircrafts may lose $113 billion in deals if the coronavirus keeps on spreading at this pace.