Business During and After Pandemic - Essay Sample

Introduction

The economy's effect is not easy to measure the long-term consequence because we are in the middle of Corvid-19. Even though disasters have hit society in the past, it is tough to evaluate its long-term effect on the economy. Besides, the pandemic could also impact both the people’s societal and behavioral aspects and the economy. From the past studies, pandemics, in most cases, results in low income and small returns in goods and services. These have a very severe effect. Even after the pandemic, individuals lose interest in saving or investing in some areas of the economy (Pedersen and Ritter). Therefore, periods following pandemics see many individuals getting less interest in investing. Instead, these individuals get interested in just making their savings out of their assets. The actions subsequently cause a decline in the growth of the economy.

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Saving Capital Results

The existing situation means by saving capital results in negative results regarding the outcome. It is not evident that even following the epidemic, and people will continue to remain conservative. The changes in behaviour connected to the pandemic outbreak seem to link to individuals’ protection. Such behavioural changes include the wearing of masks as opposed to the general changes in behaviour (Berry, Leonard L., et al.). Human beings are currently more on convenience and not to worry about what may happen in the future. On the communal level, people seemed not ready for large-scale outbursts. They are more open than before. Individuals rely on the importation of significant products like energy, food, and equipment for health. These are imported instead of getting them to the places the two are required. Besides, there are minimal efforts put in place for readiness whenever there is an outbreak of a pandemic (Moskowitz and Demorizi).

Conclusion

Thus, it means that the guiding principles within communities may look-efficient and for the economic benefit than for safety. Things might change following the attacks. Depending on how many communities are based, they have managed to lift several nations worldwide from poverty by producing well-grown economies (Lamb, Tracy L., et al.). Therefore, it is improbable that the societies we belong to may back off several of the concepts causing a lot of poverty globally.

Work Cited

Pedersen, Carsten Lund, and Thomas Ritter. "Preparing your business for a post-pandemic world." Harvard Busisnes Review. Recuperado de:
https://hbr.org/2020/04/preparing-your-business-for-a-post-pandemic-world (2020).

Moskowitz, Elliott M., and Julissa Demorizi. "Orthodontic Journals and Orthodontic Meetings: Prior to, during, and after the Pandemic." Seminars in Orthodontics. WB Saunders, 2020.

Berry, Leonard L., et al. "Service safety in the pandemic age." (2020): 1094670520944608.

Lamb, Tracy L., et al. "Factors that predict passengers willingness to fly during and after the COVID-19 pandemic." Journal of air transport management 89 (2020): 101897.

Nygaard, Scott. "Leading During and After a Pandemic." (2020).