Answer to Question #140896 in Economics of Enterprise for Aya

Question

How mixed economy countries was before and after with covid 19 and how they deals with it?

Answer 1

The pandemic -induced health crisis has rapidly ignited an economic crisis with unknown consequences for financial stability. The open system of trade had dominated the economy for decades have experienced downturn and is generally considered bad. Lock down have sealed borders and disrupted commerce.

The covid 19 crisis has caused increased precarity of work owing to the rise of the gig economy and a decades -long deterioration of workers' bargaining power. Although governments are extending some assistance to workers with regular contracts, the self-employed may find themselves left high and dry. Governments are now extending loans to businesses at a time when private debt is already high.