What does the outbreak/pandemic mean for the Engineering Economy?

Expert Solution

Well,engineering itself is a very wide area to dicuss.The pandemic have badly affected the economy of every country.Talking about engineering economy,it mainly depends on the need of people.Like all the physical engineering activities are been affected with this and it will take a long time to grow back again.Civil,mehanical,electrical engineers upto some extent had been got limited in there work.
On the other hand,the IT industries,got comparatively less affected as their work is majorly done from one place,but then also transport is required to reach out at a place.
Overall total engineering economy is down due to lockdown effect of pandemic as engineering is involved in everything.
One other aspect of this pandemic is that it will make us more attentive and aware towards the new innovations and inventions.Like the saying 'Invention only comes from the problems'.we have our vision on use of robots,using new technologies and many more.

Ally Wells answered 2 years ago

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