Question

what are some companies that were affected positively on their businesses from covid-19 and how?

Answer 1

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Question:

Answer:

Introduction:

COVID-19 is a global pandemic and it has affected the global economy, social and political system badly. World is facing a Corona crisis. The GDP, consumer confidence, unemployment, aggregate demand, income level have fallen sharply. The BOP and trade balance etc also widen and affected negatively. Millions of people have lost their jobs or working at lower wages because of pay cut and no incremental wages growth. During the lockdown the world was staying at home ans still major part of world's population are staying at home and all the major economic,social activities was affected badly during lockdown and still affected . Because of this virus people are following the social distancing norm and movement and physical presence of people are very low. people don't want to face to face meeting and not preferring to join crowed.

What are some companies that were affected positively on their businesses from covid-19 and how?

We have seen above the effect of COVID-19 crisis world wide. Because of this crisis numbers of companies has been gotten bankrupt or fallen in serious financial problems. The aviation, retail, tourism, manufacturing etc. industries have affected badly. But some of the companies and industries affected positively and made billions of dollars. Like E-commerce industry, telecom industry, IT companies, Social media companies has made billions of dollars. The major profits maker companies are Amazon, Jio, Facebook, Google, DELL etc.

The reason behind its profits making are change in economic, social performance and activities that has changed the consumer's behavior, preference and test. Now companies are digitalizing their large part of businesses, people are preferring online shopping and not preferring to visit retail outlet or malls, employees are preferring work from home. People are staying at home and using more social media platforms. So, demand of internet data has increased that increased the profit of telecom companies, increasing the use of online platforms for shopping has increased the profit of ecommerce companies, increasing subscribers or users on social media sites increased the profit of Facebook, Twitter, Tik Tok etc. People are preferring working from home that increased the sales of IT and computer's manufacturing companies. So, all these things that positively affect on business for some industry/companies.

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