Answer to Question #112754 in Accounting for Sam

Question

Evaluate the introduction of the payments to support households and income during
the COVID-19 crisis from the perspective of substantive and procedural
judgements of fairness.

Answer 1

2020 has already shown the world its cool temper.Disease, fear, economic loss everywhere.

Humanity is in complete despair, as the economies of developed and developing countries have suffered throughout the world. People lost their jobs as the main sources of income.

How to be all of us? What to do in order to survive?

One of the only way out of this situation is to support households and their sources of income.

Governments can provide unemployment benefits, various transfers, subsidies, subsidies to businesses. These effective measures will keep economies afloat and at least somehow keep aggregate demand from further decline.

Yes, such an epidemic has not happened on our planet for a long time! I think that this is a bell to all of us to rethink our values ​​and attitude to nature and recessions.