Question

How COVID-19 Affects Consumer Behavior of the Greek People?

How COVID-19 Affects Consumer Behavior of the Greek People?

Homework Answers

Answer #1

Impact on consumer behaviour in Greece due to covid 19 :

  • Demand for non-essential goods or services have declined ( e.g. transport, travel, eating out)
  • The demand for essential services and goods have increased drastically. ( E.g. healthcare, Food , Law enforcement)
  • Online shopping and demand for goods and services have taken priority
  • Consumer confidence has declined leading to reduction of sales in businesses
  • Greek people have reduced consumption, and that has caused the aggregate demand to fall
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