Post
Topic
Board Economics
Re: The positive impact ~
by
deisik
on 13/07/2020, 15:57:05 UTC
Home owned businesses + Local business are flourishing, due to Quarantine import and export is definitely not working as efficiently , therefore each country is working towards making their own markets more valuable. Which inturn for the long run means a lot since most of the people are involved in home owned businesses which was ignored previously.
In the case of home owned businesses, I can’t really tell if they are flourishing in my country, maybe because I have not looked into that. But I have seen a few home owned businesses that have died off during this pandemic because they were not able to carry on with the bad situation

These businesses are extremely vulnerable in their own, even without the coronavirus pandemics

They are balancing on break-even most of the time, and they are the first to die if something goes wrong. Unlike transnational corporations they can't relocate, they can't easily receive loans from banks, they typically don't have spare money, they don't enjoy the benefits of mass production, and lying off people for them means closing doors. Indeed, there are certain areas in which they may gain from the current situation (e.g. delivery), but overall they are suffering most