What can be done to minimize the negative effects of coronavirus on the economy?

Question

Social Studies

Elliot Arias

8 July, 08:22

What can be done to minimize the negative effects of coronavirus on the economy?

+4

Answers (1)

Know the Answer?

Angelina Donaldson · Answer 1

Anwser:

First, the nation needs to ensure that those who lose their jobs do not experience personal catastrophe with long lasting effects. Second, it must ensure that they have jobs to go back to that businesses with sound long term prospects don't collapse in the interim. Third, the system of borrowing and lending needs to remain functioning to avoid a freeze up of credit that would make the other two goals impossible.