6 Important Lessons Learnt amid COVID-19 Pandemic

While the unprecedented events introduced by COVID-19 has engulfed the world, there are several lessons to be learnt. If you write an essay on it, you might need economics assignment help. This is because you have to highlight the economic aspects in your write-up, too.

Besides that, there are other factors involved, as well. These include the requirement for better infrastructure, technology, etc. Now, let us have a look at the important points.

1. Transformation of the Healthcare Sector

The healthcare systems in both the developed and developing nations need to be well equipped. Moreover, they should be well-prepared to embrace any emergency. In the COVID-19 pandemic, we witnessed that none of the countries was anticipating such a massive spike in the number of cases. Thus, the need of the hour is a healthcare ecosystem, with a special provision in the critical care segment.

We also observed that there was a dearth in PPE kits, hospital beds and other medical equipment. This led to further causalities in countries like Italy, the USA, and many other European countries. Prevention is better than cure, but situations do not always act as per our will. Even though adequate measures were taken in India, the nation is slowly observing a rapid increment in COVID-19 cases.

2. Hygiene Maintenance is of the Utmost Essence

COVID-19 pandemic has taught us that donning the mask is, after all, a healthy practice. As per the reports, wearing a mask leads to the reduction of Coronavirus transmission and other diseases. Furthermore, people should wash their hands frequently with soap and water if they don’t have access to sanitizers.

Waste disposal corporation should increase its task force so that they can clear off the unnecessary filth. The citizens have to be cooperative in this endeavor and also follow dumping protocols. Moreover, they should take initiatives on raising awareness on hygiene and cleanliness.

3. Economic Policies Should be Flexible

This point refers to the fact that the economic policies undertaken by the nations should always be open to adjustments. Many businesses and the GDP of several nations have declined in the wake of the Coronavirus pandemic. This is because they did not expect the disease to wreak havoc. If you are writing an essay, highlight the present economic condition and also stress on the financial strategy post quarantine.

And, if you face any issues, you should take economics assignment help from professional experts. You should consider GDP, liquidity ratios, shares, stocks, company performance, etc. Amid the quarantine, businesses should stick to the existing stakeholders to acquire capital. Infrastructure should be developed, and funding should also be made in the education sector.

4. Adoption of Technologies for Remote Working

Social distancing has mandated remote working. Thus, the companies which didn’t employ Cloud Computing are currently adopting it. Moreover, they are also resorting to other online-based operations like ERP SAP and CRM solutions.

The attitude of the people towards ‘touch’ is likely to change when the COVID-19 pandemic gets over. And many people want to continue working from home. This is because of the simplicity -all you need is a laptop, a webcam and a stable Internet solution. Employees are learning about consistency, establishing break rules, creating boundaries and much more.

5. Significance of Online Transaction

Until now, we have always exchanged money in paper. But, this trend is soon going to be obsolete. As we observe social distancing, we have to adapt to online banking and transactions. Thus, we will be reliant on UPI’s and other digital payment methods.

To encourage contactless payments, MoneyGram and other applications are offering discounts and bonuses. And, these platforms are incredibly useful for remittance, as there is no delay, and there is always a track record.

6. Mental Well-Being is Crucial

As business processes have come to a halt, many people have lost their job. Moreover, people worldwide are observing the quarantine protocols by will or by decree. As movements have been restricted, there is an air of uncertainty everywhere. People have been losing their minds.

There have been reports of suicides, mental breakdown, anxiety, etc. And the only remedy seems to be meditation. Yoga and breathing techniques should be followed by everybody to remain in the best of health and spirits. Now, people must understand the significance of “workout”, even if it’s for 15 minutes.

As you can see, the list is quite long and these are not the only ones. In reality, we have learned far more than we can fathom. Meanwhile, if you need economics assignment help to craft the essay, you should refer to online resources. You can visit economics blog posts, websites, and journals. Just remember to insert the keyword “economic status amid COVID-19”. And you will get your desired results.