What is the supportive explanation that shows lockdown is the best decision have been made compared to not lockdown due to Covid-19 pandemic? Is there any contigency plans for lockdown need to be placed?
What is the supportive explanation that shows lockdown is the best decision have been made compared to not lockdown due to Covid-19 pandemic? Is there any contigency plans for lockdown need to be placed?
Chapter1: Making Economics Decisions
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What is the supportive explanation that shows lockdown is the best decision have been made compared to not lockdown due to Covid-19 pandemic? Is there any contigency plans for lockdown need to be placed?
Expert Solution
Step 1
There are some supportive explanation in favor of lockdown during pandemic:
1.There is risk involved towards society and community.If there is no lockdown then for sometime economic activity will continue but later on disease may spread and cause further recessionary trend in economic activity.
2.If people follow lockdown guidelines properly then government can work on contingency plan and initiate it after lockdown.
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