Pandemic Demand And Supply Analysis: Currently people are dealing with low GDP issues. The opposition is blaming the ruling party. They are saying that in this time our GDP is falling down very badly this is because of the current government’s rules and regulations.
But my dear friend it is not like that I am telling you the complete pandemic demand and supply analysis. This review was given by some financial experts. I am providing his words simply with my own view.
What Is Pandemic Demand And Supply Analysis
1. Automobile Industries were closed
Almost all automobile industries were shut down in Covid-19 lockdown period. Actually, people saying that it was a cause of economic loss. Ya I consider it was. But if companies keep continue to produce auto mobiles. Then who would purchase them because no one was allowed to drive outside in lockdown.
Even if the manufacturing company made its products, no one buys them. Because people only buy for driving. In such a situation more recessionary situations would have arisen in our country.
The reason behind this is that people put all their accumulated capital in their business. And if the threat of coronavirus kept going, then people would have a problem in running their home too.
So, GDP is not directly affected by lockdown.
2. Transportation Was Closed
Almost all trains, roadways, and airlines were closed in coronavirus peak time. That time people were advised to stay at home as infection was increasing by people close contact.
The country has suffered economic losses due to the closure of the means of transport. But even if the traffic in the coronavirus is not stopped, no person travels. Taking fewer rides in the bus causes a lot of damage to the roadways.
That is why the ratio of demand supply has been parallel to the closure of the means of transport. The government has saved valuable lives of its valuable citizens with this step.