Question

In: Accounting

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

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?

Solutions

Expert Solution

As we all know that this Covid 19 has coronavirus which origion is China has become a destroyer of economy and it has impacted over 160 countries. It mainly impacts on America, Spain, Itly, China etc. As expert and economists says that it is not possible right now to tell exact that when it impact will over because now it's vaccine is not available in world and even doctors don't know more about it.

Coronavirus has impacted most of countries economy due to major lockdown in almost all country. People are losing their job because of it since company is not in capacity of bear employee expense since their is no work available at this time due to lockdown. Most of small and medium companies will go shut down .

It will take around 1year to be normal and stable the market jobs will come back once this pandamic coronavirus impact will end. and here govt have to play a very vital role to boost the economy by givind some relaxation to the companies.

#Stay at home

#Be Safe

I hope this clear your doubt.

Feel free to comment if you still have any query or need something else. I'll help asap.

Do give a thumbs up if you find this helpful.


Related Solutions

Because of the coronavirus crisis, many people have lost jobs and young students are not able...
Because of the coronavirus crisis, many people have lost jobs and young students are not able to find jobs. The government of Canada has stepped in to help people in this kind of situation with regular payments called emergency benefits. Are these payments also acting as incentives for people make decisions to help reduce the spread of coronavirus? Explain.
By now, you know all bout CORONAVIRUS (COVID-19) as a pandemic threat to the world. COVID-19...
By now, you know all bout CORONAVIRUS (COVID-19) as a pandemic threat to the world. COVID-19 has and will have stressful effects on all of us--individually, family,socially, culturally, nationally, economically, technologically, and what not. Given the stressful and dangerous threat, what do you think COVID-19 will have on ECONOMIC manager's decisions--segmentation, product decisions, promotional activities, pricing, supply chain (distribution), and customer relationships. You can use any company that you are familiar with, including the ones you have worked for in...
most of the people are getting sick because of COVID 19 so how we feel about...
most of the people are getting sick because of COVID 19 so how we feel about it? how it is affecting our emotions? and health?
Unfortunately, we now plagued with COVID-19, a disease that is caused by a novel Coronavirus (aka...
Unfortunately, we now plagued with COVID-19, a disease that is caused by a novel Coronavirus (aka Severe acute respiratory syndrome, SARS-CoV-2). However, there is a significant percentage of those infected with the virus who show mild to no symptoms. On the other hand, others die from the disease complications in a short period of time. Why is there such a contrasting effect on our human population? If another cycle or season of the corona virus appears, what are your expectations...
how people have hard time because of the COVID 19? personal experience?
how people have hard time because of the COVID 19? personal experience?
On Coronavirus, COVID-19, Think about it as a resident of USA Q-1) What are some of...
On Coronavirus, COVID-19, Think about it as a resident of USA Q-1) What are some of the biggest drivers of the market meltdown in this crisis? Q-2) What do you think are the best government and Fed Res policy actions needed to combat the crisis? Q-3) in the context of risk management, what can we (and the world) do to prepare for future outbreaks like these? NOTE: Answer has to be in 250-300 words, please please do not copy and...
During the novel coronavirus (COVID-19) pandemic, people of all incomes from poor to rich are stocking...
During the novel coronavirus (COVID-19) pandemic, people of all incomes from poor to rich are stocking up on different types of product they regard as necessary. Suppliers cannot increase their output quickly enough. Singapore government is concerned about profiteering and affordability in the markets concerned and is considering intervening. Using the demandsupply model, explain these phenomena in one or two markets of your choice. Advise which market interventions, if any, government should conduct in these markets.
During the novel coronavirus (COVID-19) pandemic, people of all incomes from poor to rich are stocking...
During the novel coronavirus (COVID-19) pandemic, people of all incomes from poor to rich are stocking up on different types of product they regard as necessary. Suppliers cannot increase their output quickly enough. Singapore government is concerned about profiteering and affordability in the markets concerned and is considering intervening. Using the demandsupply model, explain these phenomena in one or two markets of your choice. Advise which market interventions, if any, government should conduct in these markets.
People infected with SARS- CoV-2 (the coronavirus that causes COVID-19) can show an array of different...
People infected with SARS- CoV-2 (the coronavirus that causes COVID-19) can show an array of different symptoms and complications, ranging from mild to severe. Researchers are working to develop both prevention and treatment, including vaccines and antibody injections. Vaccines introduce antigens from viruses, without introducing the infectious virus itself. How/why do vaccines act as prevention rather than treatment? Be sure to talk about the types of cells and immune responses that vaccines are targeting, and why targeting these cells and...
- Covid-19 Virus- Is it ethical to shop sales right now? Are you putting people in...
- Covid-19 Virus- Is it ethical to shop sales right now? Are you putting people in harms way at our own selfish wants? Explain.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT