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Informative study for the public on how the
coronavirus is currently…
Informative study for the public on how the
coronavirus is currently affecting the economy and how it will affect it in the future !.
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What resources are scarce and how these are affecting the economy, what are the
consequences of this?
The consequences of this would be low stock of certain items such as toilet paper and essential goods such hand sanitizer , Production increases as hand sanitizer gets rid of any germs on hands so it is important to have some after touching items in shops.
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The department of health , The department of transport and The department of Agriculture, Food and the Marine
Department of health : They are facing a major virus which kill many people that have an underlining condition such as diabetes. These people with underline illness have to stay inside and keep your distance with people. In my opinion I feel that a family member that has a underline illness must get a cousin or sibling to get their shopping and their essentials.
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Department of Transport : Public transport is still being used by a few people but not as much. An example of this would be Bus éireann as a result of this the government would lose a lot of money during this time as it is run by the Government!
Agriculture, Food and the Marine : To lead the sustainable development of the agri-food, forestry and marine sector and to optimise its contribution to national economic development and the natural environment.
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How are public services affected at the moment and how will the impact of the coronavirus
affect them in the future
At the moment public services are impacted a lot during this time with the coronavirus such as courts , education and public transport. These are all impacted a lot as many people are in lockdown and can't go outside, another one would be for courts they can't have as many people in them , they are only allowed to have a certain amount of people in the court at this time as you have to stay two meters away from people at all times. The courts affect the economy a lot of there is still a small amount of crime going on but court cases are still going on but you have too keep your distance wearing gloves and masks
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What do you think will happen to the following, now and in the future and why?
In my opinion I feel that when this virus is over and everyone is cured the price will increase a lot as many people will be going shopping in their local towns. Business such as Cafe rua will struggle a lot during this time as many people won't be going in as much but this company will still have to pay rent for the building itself. This company would still be paying Tax , corporation and VAT.
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