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Microeconomics Impacts of COVID-19 Pandemic: Media Analysis

Publishers, KMF and Sarwan, Jyoti and Sharma, Heenu and Narang, Jasjeet and Uddin, Nazim and Chandra Bose K, Jagadeesh (2021): Microeconomics Impacts of COVID-19 Pandemic: Media Analysis. Published in: Asian Microeconomic Review , Vol. 1, No. 1 (15 October 2021): pp. 3-15.

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Abstract

COVID-19 known as a novel Coronavirus in entire world when first case of acute pneumonia found in Wuhan, China in 2019 with severe viral infection. Coronavirus have been still able to maintain its fear and panic among in every country and every individual. At a side where macroeconomics is dealing with whole major changes in economy and on other side microeconomy is usually tells the common attitude, behavior and perception of people in particular region for COVID-19. Before invention of vaccine for Coronavirus, communication channels, media, religious societies had shown a major role to make fear in local people’s mind and these all information had been leading the worldwide panic and critical situations. Although a survey revealed that media and all communication channels were responsible for made panic among population and situations had gone wrong. Despite following precautions and administrative orders by all individual but sufferings became worst. From recent studies it has concluded that microeconomics of World’s status in terms of COVID-19 has become negative and from past two years every firm and individual has been going through a major loss.

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