Florence was surprised to learn about the government assistance offered to small businesses in her country’s market economy in early 2020 due to the COVID-19 pandemic. What assistance did the government provide to small businesses during the pandemic?
The government assistance provided to small businesses during the COVID-19 pandemic typically includes emergency loans. These loans aim to help businesses cover ongoing expenses, such as rent, employee salaries, utilities, and operational costs. Other forms of assistance may vary depending on the country and specific circumstances, but it is less common for the government to provide emergency food supplies, free storefronts, or merchandise invoice extensions specifically for small businesses during the pandemic.
