Nombre: Elio Yahir Rosales Rubio Matricula: 2870613

NnOMBRE DEL CURSO Nombre del curso: Doing Business In The Nombre del profesor: Carlos Adrián Rayas
mericas Loy

Modulo: 2 Assignment: Evidence 2

Fecha: 06/10/2022

Bibliografía:

¨ How the COIVD 19 economically changed everything ¨.

COVID 19 is a virus that began at the end of 2019, the arrival of COVID into our
lives would completely change the way we live, changing the way we
communicate, the way we study, the way we work, changing everything. usually. In
2020, the whole world began quarantine to avoid contagion and the virus to
continue spreading.

The business environment was the most affected of all, all sectors (primary,
secondary and tertiary) were threatened by this virus, this due to the economic
decline that arose from the pandemic, the market no longer had the purchasing
power to continue consuming the same as before.
This caused companies to no longer be able to continue producing because they
had too many products in stock. Thanks to this, companies did not produce and did
not generate income because they did not sell products and did not produce
products. Apart from all this, due to the state of quarantine, by political decision,
the companies were ordered not to go to work to avoid physical contact,
consequently the companies had to continue paying their employees without them
going to work. All this was too bad for the companies because they were having a
lot of losses, because of this many companies went bankrupt and closed their
doors.

The entire culture changed even after the pandemic ended, many jobs no longer
needed people to go to work physically, they just needed to connect through video
conferences. The way of learning also changed; virtual classes began to be used
even after the pandemic. Finally, something that radically changed was the use of
face masks, now it is normal to use them to avoid contagion when someone gets
sick from anything, not just COVID.
On a completely different side, many new small businesses emerged during the
pandemic, innovating in the way of bringing everything you need to your home in
the fastest and easiest way, this was very helpful because it kept the local
economy moving.

In conclusion, the pandemic had a very strong impact on the economy, absolutely
everything changed, and companies had very difficult times. Although it also
brought positive things such as: precautions against diseases, more job
opportunities, and new small businesses.