Assessing the Impact of Covid-19 Pandemic on Businesses in the Old Prilep Bazaar

Hristoski, Ilija and Spaseska, Tatjana and Odzaklieska, Dragica and Sotiroski, Kosta Assessing the Impact of Covid-19 Pandemic on Businesses in the Old Prilep Bazaar. Balkan and Near Eastern Journal of Social Sciences.

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Abstract

Without a doubt, the impacts and consequences of the coronavirus pandemic on our lives and our societies are global, severe, and durable. Assessing the magnitudes of those characteristics represents a huge challenge we are all facing, especially having minded the fact that the pandemic is still active throughout the world. What are the solutions we can find to secure the businesses, maintain the jobs, and stabilize financial markets and economies, becomes one of the fundamental questions of today. In this regard, the paper aims to tackle, detect, and highlight the multidimensional impacts of the coronavirus-induced economic recession on the micro-businesses located in the Old bazaar in Prilep, one of the most prominent trade centers in North Macedonia. The findings are based on the results coming out from a descriptive and inferential statistical analysis of the data obtained by a survey, carried out on a representative sample of businesses. They suggest that majority of microbusinesses are severely hit by the pandemic regarding their overall economic well-being; the Government measures are barely enough for them to survive in the short run.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 04 May 2021 08:19
Last Modified: 04 May 2021 08:19
URI: http://eprints.uklo.edu.mk/id/eprint/6383

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