Question

This is great depiction of the circular flow and how it all comes together. Can you...

This is great depiction of the circular flow and how it all comes together. Can you think of a firm in particular and apply it to the model? In my post above I used to the restaurant industry and the airline industry to show how heavily they both depend on house holds and how they've struggled different during Covid-19.

Do you think there are industries that are less heavily dependent on households? Let me know what you think!

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Answer #1

As all industries are running around the households but there are some industries which is less affected in COVID 19 period as Hospitals industries, Pharmacy Industries, Automobiles industry, General/Necessary goods industry, Dairy products industry, Mobiles and Internet industries.

All the necessary goods or services industries are less affected during COVID-19. Because people have to use the products of above mentioned industries for their livelihood.

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