Economic Consequences of the COVID-19 Pandemic and the Economic Ability of a Government as a Factor of Production

Abstract

The article examines the impact of the COVID-19 pandemic on the economy. The features of the economic crisis caused by the pandemic have been studied. The features of how this crisis differs from the economic crisis caused by the Spanish flu are presented. The main function of the economic ability of a government, as a factor of production, during the current pandemic economic crisis is analyzed.