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The Labor Market in Economic Activity "Trade; repair of cars and motorcycles" in Conditions of Crisis Caused by COVID-19

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  • Michal Stojanov

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

The beginning of the third decade of the 21st century has been marked by the unprecedented impact of the COVID-19 virus infection on all spheres of socioeconomic life of mankind. The effects of the global pandemic on economic activity in global, national, regional and local aspects are innumerable and difficult to determine. In the epidemic situation, the commercial business continued to operate at the forefront of the challenges of the epidemic restrictions imposed by national and local authorities, but also suffered the serious economic effects of the imposed health measures. One of the adverse effects has been expressed in dismissal of employees in the commercial sector, where certain outlets were forced to cease operations during the most severe emergency measures. This shocking contraction was followed by attempts to restart normal economic activity and restore trade operations under the new conditions. At the same time, the market environment reported the favorable development of electronic distribution channels, which have been able to derive positives from the emerging situation and even to engage additional labor resources.

Suggested Citation

  • Michal Stojanov, 2020. "The Labor Market in Economic Activity "Trade; repair of cars and motorcycles" in Conditions of Crisis Caused by COVID-19," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 9(2), pages 95-102, August.
    • Handle: RePEc:vra:journl:v:9:y:2020:i:2:p:95-102
    DOI: 10.36997/IJUSV-ESS/2020.9.2.95
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    More about this item

    Keywords

    labor market; trade; retailing; COVID-19;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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