Will Coronavirus have an effect on Job hiring?

The Coronavirus has proved to be a very dangerous virus which has now affected the entire world. Majority of the industries are now facing severe heat since the situation quickly escalated into a pandemic, which the whole world was unprepared for. With industries being shut or on the verge of being collapsed, has surely created …

Recession and Job Losses : An analysis of how the Coronavirus crisis is affecting the entire world

Yes we are expecting both, the recession and job losses. An economy is considered to be in recession if it witnesses two consecutive quarters of decline in its growth. But the National Bureau of Economic Research (NBER) defines a recession as a significant decline in economic activity spread across the economy, lasting more than a …

What are some surprising ways that COVID-19 is affecting the daily lives of people?

20th Mar, 2020 Here I will try to provide a holistic view of the current scenario. The ‘Coronavirus’ is a very dangerous disease which has affected almost the entire world. With the populations on a rise, the counties with a high density of it are still on the rising risk curve and the fight is …

What is Economics and why is it called a Social Science?

Economics is basically the study of scarce resources and its resulting production, distribution and consumption among a certain population. Economics is also a social science since it studies human psychological phenomenon and the cause and effect relationships (cause means why a certain phenomenon occurs and effect is the conclusion which can be drawn from it) …

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