Difficulty Earning Operating Profits - During a Crisis

Focus on individual perspectives on how it may be more difficult for firms to earn profits (economic and operational). In your opinion why might this be true as economic activity slows and in some cases ceases for whole economic sectors.In times of crisis, we are seeing how political guidance and intervention can pick winners and losers by shutting down certain industries.

Families and households have been impacted by loss of jobs, reduced hours and, changes in education.

Question: Explain how households and individuals are affected economically and go beyond the generic and obvious. For at least one industry, identity how may be changed for the long term, in how it may operate and be able to generate profits, create jobs or take advantage of new opportunities.