Post
Topic
Board Economics
Re: Corona has killed economy of many businesses
by
Sanitough
on 04/05/2020, 08:26:43 UTC
We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

Most business will have no choice but to innovate to provide services that are essential to man. I thought think that these Businesses will be closed for long. New Cultural and social habits will be introduced to reduce the spread of the virus significantly till the treatment is discovered. I believe there will be a disruption of businesses that will spring up in the POST CONVID

What is sad is that many people will not be able to cope with this new change.

Its easier for certain businesses but not all of them. Take hair dressors for example. How are they suppose to keep a distance between the hair they cut? They really can't. I heard that the virus can be transmitted thru the hair, so how can the barbers touch the hair to cut it without getting infected? Use gloves. Will make it very difficult in my opinion.

Other businesses such as auto dealers are not as bad. Basically just let people test drive the car alone, santize it after and before. And you can do the paper work and everything from online and home.

So its based on businesses like these that make a huge difference whether the economy will survive or not.

I am also curious why the government allows a salon to operate, it is not under GCQ in our country or general community quarantine but they say proper self distancing is needed, however, you can't do that with a salon, something is wrong with the implementation I must say.