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The Pandemic has affected businesses in my country and the economy at large.Is there any sme you know that are now closed or temporarily closed due to pandemic? What are the effects of it your country's economy?
Is there any sme you know that are now closed or temporarily closed due to pandemic? What are the effects of it your country's economy?
IT really affected the economy negatively, most small scale businesses are grubbling due to insufficient earnings while most person's in the medium enterprises have loss there jobs,and price of commodities are really high....The pandemic has been terrible for small and medium enterprises. It has thrown many countries into economic crisis. Many have lost their jobs and businesses are struggling to survive. Most small scale businesses are trying to adapt by moving online.
A lot of people lost their job as a result of the pandemic of the Corona virus. I was affected by it as I lost my job as well, my sister was affected too, my grandfather was infected and it cost us a lot money for his treatment. Mostly, it's the private sector workers that were affected big time.The pandemic really affected all business but the major brunt is born by the small medium businesses. To make the matter worst, government didn't really support them during and even after the pandemic.
Tourist businesses and hotel busineses are greatly affected because they were not having any patronage from any body, they don't have option than to downsize their staff strength because of inability to pay.Well, I don't personally know the owners but there are some small businesses that closed down because of pandemic. But, I have a professor who said that their business in palawan shut down because there were no tourist. This pandemic has affected the businesses, especially the SMEs.
Small scale and medium scale industry have been affected drastically by the present covid-19 pandemic. This has stopped them from operating and has made them to lose their customers and source of livelihood. Some have sacked their workers because they can't pay themIs there any sme you know that are now closed or temporarily closed due to pandemic? What are the effects of it your country's economy?
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