My views

With an ongoing global recession occurring due to the Covid-19 pandemic, it has become  extremely important for everybody learn the basics of Economics . This will benefit you in so many ways as is about to be discussed below.  Day to Day Decisions: Often more than not, people ponder why certain products cost more in the market than others. With the knowledge of the basics of supply and demand,  they can understand that it is usually because of a low supply and high demand that products have a high price. Furthermore, learning e conomics helps you to not fall to misleading marketing strategies and also pushes you to think about both positive and negative externalities while doing a task. Life Decisions: Learning economics helps with making important decisions that can benefit your whole life. You will be able to choose between loans of various interest rates and decide which plots of land to buy in accordance to the real estate market trend. By analyzing th...

In the second blog of the duology exploring the disparate footprints being left by the coronavirus, I will be focusing on the various economic impacts that has been caused by it. The virus has caused a global recession that can only be comparable to the Great Depression of 1929. It has led to 100 million people losing their jobs globally and countries have had to close down their economies in order to tackle the virus. The stock market had crashed in February, although it had risen up in May because out of the 5 investing options( Stock Market , Gold , Bonds , Mutual Funds and Real Estate ), the 4 apart from gold were on a downturn too. Hence, investors had little other choice rather than investing in the stock market. Most sectors have been impacted in a negative manner mainly due to the business restrictions that the governments have imposed upon their country. Among the sectors which have been hit hard is the Information sector, where 254,000 people lost their jobs in the U...