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Covid-19 (Stakeholders (Firms (Most firms are dealing with a huge revenue…
Covid-19
Stakeholders
Firms
Most firms are dealing with a huge revenue loss. They may go into bankruptcy if their funds are mishandled or insufficient
Workers
They won't have any income or salary for a while and may struggle to afford food and other neccesities.
Government
Must deal with the crisis and take care of its people. How they handle it will affect the elections.
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Shareholders
Share prices will fall, they will get lesser or no dividends because firms are closing or making less money
Supply & Demand
There is a decrease in demand for almost every product in the market because consumers are unable to access goods and services due to restricted movement
Firms will start decreasing the quantity supplied due to lower quantity demanded. In turn, price will also go down for these goods and services.
There is increase in demand in select industries like streaming services (Youtube, Netflix, Hulu))
These firms will take advantage of the increased quantity of demand by raising their prices. They may do this through ads.
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