Question

In addition to it's impact on public health Covid -19 has had a major impact on the economy, Demonstrate how Covid-19 is affecting small business and propose relief measures that could be implemented to help small businesses overcome that challenges.

Answer 1

Answer - It is known that outbreak of covid 19 is having adverse impact upon the economy and small business. Due to the covid 19, economy has scattered. Nations are suffered from recession due to no production and without production, people became unemployed. income has reduced . GDP of economies have fallen down. At the same , small business have ruined. Small shopkeepers are not worthy to have sale of production because they are unworthy to get consumers. They are like at the shutdown of business . Even after the end of corona virus , they will not be easily come out of failure .

Government can be helpful to make them out of the impact of corona virus.

Small businesses are essential because they contribute in the GDP of the economy. Government should provide them packages and relaxation on taxes must be given. Moreover , small businessman should be provided loan at low rate of interest . So they can start their business again and come back on the track.