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COVID Economics 101

Lockdown. Quarantine. Social Amelioration Fund, Retrenched. Government borrowings. Mass Testing. Contact Tracing. Vaccinations. Herd Immunity. Work from Home. And so on. Words or phrases that probably enlarge our vocabulary when this pandemic began. This article does not in anyway act as the spokesperson of either the government or the private sector wants and needs ,. It is not the objective of this paper to criticize anyone but simply  is an attempt to explain what is happening around us. As a way to prevent the spread of the virus, community lockdowns are imposed and people has to stay quarantined in their homes. People has to stop working, production has to be at a standstill, and non-essential services are prevented to be given. We saw therefore quite a number of businesses, especially those where people converge closed so as to avoid contamination of those carrying the virus.

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