Analysis on how Covid-19 is Affecting the Economy Assignment | Online Assignment

*If the paper is done in her style and 5 topics are listed like she wants I will pay more then what is required* *you do not have to use any sources just information* The event itself: 1-5 on relevance to the economy Public response: 20 points; Private response: 20 points; Opinion 5 points I realize that you may have difficulty in understanding all the economic impacts as our understanding of economics was cut a bit short. We never really had a chance to understand unemployment, inflation, deflation, etc. However, chapter 2, market systems, our discussions on the characteristics, the differences between command style and capitalism, the six functions of government, unintended consequences, marginal analysis, broken window fallacy, and supply and demand.. all the things we went over and had discussions on the first month or two of the class are what this assignment is addressing. That information should be more than adequate to properly complete this assignment. Review all of those concepts when formulating your responses. Make sure that your grammar, spelling, and overall writing is standard for college level. This is not a research paper. You do not need to identify sources, etc. Here is an example of a preferred format: Event 1: Sentence or two Public Response: Paragraph or two Private Response: Paragraph or two Opinion: Paragraph Event 2…… I hope this helps as you move forward these last few weeks. We started the semester by understanding the differences between economic systems…capitalism vs socialism, communism. We discussed the incredible value of entrepreneurship, private business, and why pharmaceutical companies need to invest in research and development. This pandemic brings to light the reality of these concepts. We see examples of business using their resources to produce other goods (My Pillow) .. we see Abbott lab create rapid testing kits, we see small businesses providing take out services. Look at our supply chains as trucking companies continue to deliver goods and services all across the country. Probably most importantly, we understand the blessing of freedom. Only when it is taken away, do we truly appreciate the good fortune of a free society. Rationing, empty store shelves, and limited freedom are common in socialism and communism. In our country, it’s a temporary disruption. Continue to pay attention, make good choices, and learn from this very tough situation. We had a very strong economy just a month ago… that foundation will help us recover in the months ahead. Please email me any questions or concerns. I’ll post on the discussion board as well.