Question

About 6 mlns people lost their jobs now because of the Coronavirus COVID-19.

When will approximately economic stability go back to normal and jobs will be retained once again based on the Government Labor and Capital predictability?

Answer 1

Yes, more than 6 million people have lost their jobs due to covid-19 virus lockdown effects.

Once the Corona virus reduces, organization will start their daily business activities. In such cases companies need manpower in order to execute their business operations.

Companies start export and import the goods from one countries to another, industries will start manufacture the essential goods to market. To do all these activities organization will hire the people. Eventually people will get thier jobs back as per government labour policies

Once country is free from the lockdown starts operating, government will get taxes from the various sectors such as taxes from industries, labour taxes, road tax, goods tax etc. Thereby economic condition will become stable.

Therefore people get their jobs and economic conditions will becomes stable only when Corona viruses reduces in all parts of the world.

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