Due to the outbreak of Coronavirus or COVID-19 many industries, restaurant, company, school or organization has closed to prevent from the spreading of virus. The global economy has shifted which affect millions of people around the world. Some countries are on lock down while some others countries are practicing social distancing or quarantine.
It is obvious that while people on the quarantine many company and industries are suffering the loss due to the outbreak. But what can we do right? We can see now there are many school or organization study or work from home which mean online class or online office.
People might need months of quarantine until the virus lay back down. During the time of quarantine what should they do? And for you what should you do? Of course, most of us spend time in front of phone or laptop and do the live streaming, play facebook, youtube, Instagram, or binge-watching series on Netflix.
A surveyed from Amy Watson showed that “The coronavirus outbreak has led to increased media consumption in many countries around the world, and on the weekend of March 13 to 14, 2020, time spent streaming TV and video grew by more than 40 percent in Austria and Spain, and by 32 percent in Germany.”.
Another research from Neilson a market-research firm, “indicate that people do indeed turn to the box in a crisis. Television use of all sorts in America went up by 18% in the week ending March 22nd, compared with the week before. Viewership of live television rose by 14%, while the use of video-game consoles climbed by 35%. The increase in watching live TV was especially marked for teenagers (31%); many of them can no longer go to school. Overall internet usage rose by 28%, partly because so many workers must now meet their colleagues digitally, rather than face to face.”
This show the change in taste and preference of consumer during the time of crisis. Instead of going to cinema or hang out with friend they prefer more to stay at home to avoid catching the virus.
Young Economist 