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Income

The Covid-19 lockdown has led to increased unemployment and reduced disposable income, negatively impacting the cash cycle. Income, representing an individual's consumption and saving capacity, has been particularly affected for low-income workers in developing countries who struggle to work from home. This situation highlights the economic challenges faced by vulnerable populations during the pandemic.

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44 views1 page

Income

The Covid-19 lockdown has led to increased unemployment and reduced disposable income, negatively impacting the cash cycle. Income, representing an individual's consumption and saving capacity, has been particularly affected for low-income workers in developing countries who struggle to work from home. This situation highlights the economic challenges faced by vulnerable populations during the pandemic.

Uploaded by

mahnoor javaid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Literature Review:

By observing the strict lockdown in this Covid-19, causes unemployment and decrease in
disposable income of consumers which ultimately effect the cash cycle. Income defined as the
consumption and saving opportunity of an individual within a specified timeframe, which is
generally expressed in monetary terms. Low-income workers mostly in developing countries
faced a higher risk of income loss as it is very difficult to conduct their jobs from home
(Lekfuangfu, Piyapromdee, Porapakkarm, & Wasi, 2020).

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