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THE IMPACTS OF THE COVID-19 PANDEMIC ON BUSINESSES
Impacts of the Covid-19 pandemic on businesses
Name
Institution
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THE IMPACTS OF THE COVID-19 PANDEMIC ON BUSINESSES
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Topic: Impacts of the Covid-19 pandemic on businesses
Introduction
The occurrence of a pandemic is directly associated with negative social and economic
effects, nationally and globally. On 11th March 2020, a global public health emergency was
declared, and this not only impacted human lives but also entrepreneurial businesses around the
world. Most of the businesses were, for the better part of 2020 faced with financial struggles, due
to the Covid-19 pandemic, that led to their closure while others had to lay off a large percentage
of their staff. The Covid-19 pandemic has in the past year had a negative impact on the
producti...