Sign in
Download Opera News App

 

 

Why the economy is hitting you hard.

The economy has been in a bad state since the Covid-19 pandemic came along.

Most businesses have had to close due to diminishing returns and massive losses.

Business is essentially the exchange of goods and services. Anything that affects this flow will definitely have a negative impact on the economy.

The Covid-19 pandemic has made crossing of borders quite difficult. Many countries have limited movement in and out of their borders to reduce risk of Covid-19 transmission.

Goods for trade have not reached customers as expected and in the process attracted opportunity costs.

Businesses that have largely survived this hard times have changed a lot in their modus operandi.

Most of them have had to blend with online marketing strategies to attract more business.

We have no clue how long this pandemic will be around. The mass vaccination going on may present a ray of hope for many businesses to thrive.

When the economy fully opens, many lessons would have been learned to help prepare better for the future.

Whatever is happening to you right now in your business is not unique to you. Don't lose hope!

Content created and supplied by: Mr.Pill (via Opera News )

Covid-19

COMMENTS

Load app to read more comments