Pandemic has a great effect on the global economy due to the demands and supply of products and services. Because of Pandemic, people are obliged to stay at home in order to protect themselves and to lessen the spread of a certain disease. Workers stopped from working but their needs never stop. Many people are jobless and therefore has no income. It affects not only the consumers but also the producers.
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In short, a global pandemic will have a serious supply-side impact – especially on foreign travel, manufacturing and investment. The uncertainty and decline in travel will also lead to people staying off work, losing income and causing a fall in demand. If it is relatively short-lived, the economy may quickly bounce back. But, if it is prolonged, it could lead to permanent loss of output – with vulnerable groups of workers particularly negatively affected.
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Answer:
Pandemic has a great effect on the global economy due to the demands and supply of products and services. Because of Pandemic, people are obliged to stay at home in order to protect themselves and to lessen the spread of a certain disease. Workers stopped from working but their needs never stop. Many people are jobless and therefore has no income. It affects not only the consumers but also the producers.
Explanation: