Question

I need assistance in discussing this topic. Business, society and the coronavirus. Based on the unique circumstances that we are facing due to the coronavirus at this time, this topic will focus on business, society and the coronavirus. How has this virus affected business and society?

Answer 1

Coronavirus or COVID-19 has spread in the whole world rapidly and is affecting every area in mostly all countries. Every country is at a different phase of the pandemic but its rapid spread has put all in great pressure of taking all precautions to stop its spread and all measures to protect every nation and their people from the virus. With the virus being highly contaminated and no vaccine or cure made for it, the way people in various have found out to mitigate its effect is to practice social distancing and complete quarantine. This measure taken has made a huge impact on how society and business which does not seem to normalise very soon in the coming time.

Social distancing means not making any kind of direct or close contact with people around you. People are advised to stay at safe distance from one another for precautionary measures as it can not be understood if a person around you is infected with the virus and with social contact the virus can spread to many. This social distancing could not be maintained with strict discipline hence countries followed lockdown measure which meant closing all places that are not playing a part in fighting the pandemic and will cause social contacting. This lockdown has forced people to stay in their homes for uncertain number of days.

All types of businesses have been closed for this time. Every place where social gatherings can happen is shut down from schools, colleges, restaurants, theatres to offices and malls. This total lockdown and halting of any business activity have impacted the economy adversely. The working people are coping up work from home and education systems are educating students through online learning. Families are staying indoors and only moving about in case of some need or emergency. This type of lifestyle is uneasy and difficult to adapt to society. They are restlessly waiting for the pandemic to pass away and their lives to get back to usual.

As for the business class, with every social activity been put to halt, these income of these businesses are also on a halt. Other than the shops selling essential goods, every big and small business has been forced to close down. This has left them with no movement of income for an uncertain time period. This slow or no movement of business activities will affect the business and the whole economy adversely. The economy hit could be so immense that getting back to normal from it could be an impossible challenge.

With the hating of internal business, the countries have also put halt to any kind of export and import with the fear of the virus entering the countries through that medium. The import and export being stopped on the worldwide level itself is a big reason to affect the economy of every country. The GDP of every country seems to fall rapidly. With the large number of people being infected and dying every day, society will not see a normal phase with a happy and positive environment very soon. Hence Coronavirus has affected the society and business immensely which seems to continue for a longer time at present.