Social, economical and vaccine impacts of COVID-19

Question 1

Discuss the social impacts of COVID-19.

Answer 1

Isolation periods and lockdowns have affected -
1. The public mental health and well-being (anxiety and depression).
2. Education facilities causing learning loss.
3. Unemployment, therefore, results in increased poverty and people struggling to afford the cost of living.
4. Racial and cultural discrimination towards the Asian population due to the origin of the virus.

Question 2

Discuss the economic impacts of COVID-19.

Answer 2

The pandemic has resulted in -
1. Business closures as government-placed restrictions have prohibited employees and workers to operate businesses.
2. Business closures have resulted in a loss of jobs.
3. Government debt, in particular, the Australian government has deployed various packages and programs to assist struggling businesses and those out of work during the pandemic.

Question 3

Describe the impact of COVID-19 vaccines on social and economic factors (relationship) –

Answer 3

• High vaccination rates have resulted in the development of herd immunity, therefore, increasing mobility and reducing transmission of COVID-19.
  1. Increased mobility – Vaccines have enabled individuals to return to work and resume social activities safely, therefore reducing social isolation and improving mental well-being and health.
  Vaccines causing an increase in mobility has resulted in Australian businesses and companies to now properly function and operate. It has caused –
  2. Reduced economic impact – Vaccines have reduced the severity and duration of the pandemic and therefore reducing the economic impact on industries such as tourism and travel.
  3. Return to work – Vaccines have enabled individuals to return to work safely, reducing job losses and increasing economic activity.