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APPLIED ECONOMICS

Quarter III Performance Task 5

SOCIO-ECONOMIC EFFECTS OF COVID 19


Social Effects Economic Effects
1. Many people got addicted to online 1. Many businesses have closed resulting
games such as mobile legends and call of to high unemployment rate.
duty.
2. Increased the case of school dropouts 2. Loss of income and job opportunities.
since there was no face-to-face classes.
3. The ability of people to socialize 3. Insufficient food supply and health,
decreased due to staying home 24/7. sanitation, and nutrition issues.
4. People learn to socialize visually— 4. The tourist attractions/spots have closed
through social media. since tourists were not able to travel.

5. Increase the prevalence of violence in 5. Online businesses have prospered.


the family, depression, anxiety, post-
traumatic stress disorder.

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