Assignment On

“Entrepreneurship Development”

Title: Coronavirus

Submitted to:
Mr. Mohammad Ikbal Hossain
Lecturer 
Department of Business
Administration
Faculty of Business &
Entrepreneurship
Daffodil international university

Submitted by:
Name: Md. Omor Faruk
Id: 181-11-5799
Sec: C
Department of Business
Administration
Daffodil international university

Date of submission: 14/04/20

 Coronavirus

The world’s second-largest economy was stirring back to life in early April after
suffering a withering blow from the coronavirus, which originated in the city of
Wuhan in Hubei Province in late 2019. Several weeks of government-imposed
lockdowns on dozens of cities led to double-digit percentage declines in factory
output, retail sales, construction, and other economic activity. Urban unemployment
reached a record high of more than 6 percent in February. China’s leadership
seems less inclined to spearhead a global economic recovery this time than it did
following the 2008 financial crisis, when it spent liberally on a stimulus package of
more than a half trillion dollars. In the years since, China has roughly doubled its
government debt to about 60 percent of gross domestic product (GDP) and many
analysts think it cannot afford to spend so aggressively again.

Economic Crisis in the Time of Coronavirus

Before the Coronation Epidemic took place, the whole world was starting to face
problems economically. Some Economic Crisis in the Time of Coronavirus are Include:

 The stock market downturn increased as Corona's fears increased.

 Travel, tourism, etc. have been the main cause of the spread of the Corona virus
despite.
 The diminished economic stimulus,
 The stock market has seen a significant decline
 The price of petroleum is falling further
 Another crisis is emerging in the wake of such an emergency Tourism, from civil
aviation to multiple sectors, is facing recession.
 Management hesitates and reduces trust.
 Under current circumstances GDP growth can be slow
 Fast food chains like KFC, Pizza Hut, or McDonald's are not the same because
of the Corona virus.
 Investors fear that the outbreak of coronavirus will ruin economic growth and the
government's actions may not be enough to stop this decline.
 More than 100 countries restrict travel bans due to coronavirus.
 In the market for coronavirus, rice, pulses, vegetables, oils high prices are
increasing day by day which is disrupting the economy.
 Coronavirus has been shut down for educational institutions. The current
education system is lagging behind and the economy is also in decline.
 Mosques have been closed and prayers have been closed.
 Import and export have stopped with every country.
 Foreign exchange earnings have stopped, for which the economy of every
country is now declining.
 All types of vehicles, motorcycles, buses, trucks, cars, bicycles have been
stopped selling which has a huge impact on the economy.
 All kinds of electronic consumables have stopped selling.
 Fatal hit for GDP growth.
 The agriculture sector is suffering a huge economic downturn.
 All types of companies have closed production rates are falling day by day.
 Small businesses are closing down.
 Pharmaceutical companies are unable to supply medicines and cannot supply
enough medicines to the shops.
 All the banks do not have sufficient balance.
 The garment workers do not have the salary for the last month.
 Skyways, waterways, roads, railways have been closed for coronavirus.
 All public transit in cities and suburbs are now closed.
 In this situation face masks and other hand sanitizers and musk are too
expensive.
 Food crisis has led to coronavirus, poor people are not getting food and a portion
of soccer's budget is consumed by violent groups.
  The garment factory is not producing the actual product of the coronavirus.
 It is noteworthy that some states have reopened their marketplace in light of the
crisis.
 If Corona spread further, this year's GDP could decrease by $ 1 billion this year.

Economic growth and development after the time

of coronavirus:
 If you recover from the coronavirus, all types of backbone activities will resume.
 All kinds of businesses, educational institutes, vehicles, factories, will slowly start
up and the economy will slow down a bit.
 The government should take big steps for the affected people
 It will take a few years for the economy to recede but the situation will come back
to normal.
 The growing urgency of the climate crisis now shows a serious need for urgent
measures to reduce emissions.
 Travel restrictions will be lifted internationally and domestic flights from Lexan to
international airlines will be filled with the economy again.
 The collapse of the economy will take place in major stock markets.
 The GDP growth of the global economic downturn will continue to rise again as
before.
 Many people who lost their lives will be re-employed again.
 There are no quick recovery for small business holders
 Every people should try to help others
 Sectors such as tourism, aviation, hospitality and commerce will face the first hit
of intense travel, assembly and activity sanctions imposed by governments
around the world and will have huge impact in other sectors, such as economic
activity stalls.
 Large companies will start their business properly and the economy will slow
down.
 The prices of all kinds of commodities will come back to their normal position.
 The government should save food in the latter case.
 What governments should avoid is one world overcoming another in the face of a
health crisis - that is, trying to boost their economies by air pollution.
 The agriculture sector will be able to recover quickly from the widespread
damage to the economy.
 Mosques have been open and prayers have been open.
 A stimulus package that includes ramping up fossil fuel production or use
would do exactly this.
Employment crisis because of coronavirus:

 The International Labor Organization has expressed the possibility of partially or

completely unemployed 3 billion people in the world due to coronavirus.
 In this situation many organizations are relieving employees, partly or completely.
 The coronavirus crisis is likely to result in layoffs on a scale that the U.S. has
never seen before.
 As many as 205 million Chinese workers cannot find jobs or are unable to return
to their previous posts, according to one analyst
 Debate over China’s unemployment reality amid coronavirus heats up, with holes
picked in official government statistics
 Most companies are not going to production. In this situation, many companies
are relieving employees partly or completely of their jobs.
 Every day the main stock markets are collapsing. Besides the global economic
downturn, Bangladesh's GDP growth is likely to decline. As a result, many people
can lose their jobs.
 Who have permanent jobs only will still stick with their job, others will be jobless
because of this virus.
 Employers will not find a way to earn a living if the coronavirus lasts a long time.
 Many large factories have become unemployed due to the closure, and running
their families has become very difficult.
 If the situation is not normal, unemployment will increase greatly, resulting in
theft, deportation, snatching, etc. due to lack of food.
 Companies have re-hired many for the horrible situation that every organization
can pay their employees.
 When the situation is normal, many people may not get jobs because of the
merits of the economy.
 Most of the people will be jobless on that time, to prevent that situation we must
stop spreading the virus.
How people lead the world after the annihilation
of coronavirus:
 The coronavirus pandemic may lead to a deeper understanding of the ties that
bind us on a global scale.
 Well-resourced healthcare systems are essential to protect us from health
security threats, including climate change.
 The support to resuscitate the economy after the pandemic should promote
health, equity, and environmental protection.
 The coronavirus pandemic could be the straw that breaks the camel’s back of
economic globalization. The coronavirus pandemic could be the straw that
breaks the camel’s back of economic globalization. China’s growing economic
and military power had already provoked a bipartisan determination in the United
States to decouple China from U.S.-sourced high technology and intellectual
property and try to force allies to follow suit.
 Many countries will have difficulty recovering as the weaknesses of the state and
failed states become more prevalent.
 Corona poses a new challenge to the concept of globalization. Corona has
shown that globalization is not sustainable these days. At the center of this
globalization was commercial interests, not political cohesion of coronavirus.
 In the way the states became aware of their borders in the coroner's transition, it
is clear that the propaganda of the state will not continue.
 The population of different countries has lost faith in globalization and
international commerce. It will take a long time for all countries to resume trading.
Although the trade agreements with the US were canceled, they would run the
world later, but China did not lose their business, commerce and their faith.
 The coronavirus epidemic will not only have lasting economic effects, but will
also lead to more radical changes.
 The economic damage and social collapse that is unfolding, it is hard to see
anything other than a reinforcement of the movement toward nationalism, great-
power rivalry, strategic decoupling, and the like.
 COVID-19 pandemic and some of the other contemporary crises our world is
facing. All require a global-to-local response and long-term thinking; all need to
be guided by science and need to protect the most vulnerable among us; and all
require the political will to make fundamental changes when faced with existential
risks.
 The 2020 coronavirus pandemic may lead to a deeper understanding of the ties
that bind us all on a global scale and could help us get to grips with the largest
public health threat of the century, the climate crisis.
 It will appear as a great and final victory for democracy. To others, this will
demonstrate the obvious "benefits" of authoritarian rule
 The United States of America will no longer be seen as an international leader.