Question

In addition to it's impact on public health Covid -19 has had a major impact on the economy, Demonstrate how Covid-19 is affecting small business and propose relief measures that could be implemented to help small businesses overcome that challenges.

Answer 1

covid-19 has impacted the business and economy to a very large extent as the demand has completely slowed down and there is an expectation of an impending recession due to the prolonged lockdown into various economic across the world

Small businesses which are run on monthly profits are getting impacted the most as they do not have much of the surplus and cash reserves on their hand so they are forced to shutdown in such situation when there is no business hence it is very difficult for them to survive as it is a survival crisis due to lack of demand and lack of business operations.

there could be several fiscal stimulus which could be provided to the small sectorssectors along with various loan restructuring arrangement and easy terms of credit in order to enhance this sector when the economy resume.