Investigating COVID-19's Impact on the Economy and Society in Britain

This research report investigates the impact of COVID-19 on the economic and social growth of Great Britain. It identifies the negative effects on the GDP and social interaction due to lockdowns and social distancing. The report explores the challenges faced by various sectors, including the hospitality industry, and discusses strategies for economic redevelopment, focusing on business models and marketing approaches. Using an interpretivism research philosophy and an inductive approach, the study employs a case study strategy with a mono-method qualitative research choice and a cross-sectional time horizon. Data collection involves both primary and secondary sources, with ethical considerations such as voluntary participation and confidentiality observed. The conclusion emphasizes the importance of understanding COVID-19's impact for future economic strategies and growth in Great Britain. Desklib provides access to similar solved assignments and research papers.

RESEARCH
PROJECT

TABLE OF CONTENTS
 Introduction
 Research aim, objectives and questions
 Literature Review
 Rationale
 Research Methodology
 Ethical Considerations
 Conclusion
 References

INTRODUCTION
There is a negative impact of covid-19 on economic
and social growth of Great Britain. Gross domestic
product results in the decrement percent and
reduction in the social growth due to the less
interaction among the people because of lockdown
and social distancing.

RESEARCH AIM, OBJECTIVES
AND QUESTIONS
Research aim
 To identify the impact of Covid 19 on economic and social growth of
Great Britain
Research objective
 To discuss the impact of Covid 19 on economic growth of Great Britain
 To discern the challenges faced by different sector of Great Britain after
the hit of Covid 19 pandemic.
 To identify the strategy that can be used to redevelop the economy of
Great Britain

LITERATURE REVIEW
Impact of Covid 19 on economic growth of Great Britain
 According to Alradhawi, Shubber, Sheppard and Ali,
(2020), There is a negative impact of covid-19 on
economic growth of Great Britain. This is because this has
led to the great losses in the business which has resulted in
the shutting up of many organisations which has
ultimately led to the decrease in Gross domestic product of
the nation.

CONTI...
Challenges faced by different sector of Great
Britain after the hit of Covid 19 pandemic
 According to Sułkowski, (2020), There are various
challenges which are faced by different sectors of
Great Britain after the hit of covid-19 pandemic.
Hospitality sector has lost their customers in
travelling and outside food in restaurants.

CONTI...
Identify the strategy that can be used to redevelop
the economy of Great Britain
 According to Mofijur, Fattah, Alam and Mahlia,
(2021), Strategy which can be formulated in order to
redevelop the economy of Great Britain is based on
the Business models and marketing strategies adopted
by the organisations in order to attract customers.

RATIONALE
The rationale of this research report is that it is
benefiting both the organisations in Great Britain
and also the investigator who is investigating this
research topic. Because of this research report it
can be analysed how much the sectors are affected
due to covid-19 and how it can be redeveloped.

RESEARCH METHODOLOGY
Research philosophy
 Research philosophy is basically of three types:
positivism and interpretivism along with realism.
The current research has chosen the interpretivism
research philosophy because of the observations
and theories involved in the current research.

CONTI...
Research approach
 Research approach is of two types that is the
inductive and deductive. The current Research
report is based on the inductive approach.

CONTI...
Research strategy
 There are various types of research strategies such
as the experimental and survey along with the case
study and action Research and many more. The
current Research report is based on the case study
based on the real time situations of covid-19 impact
on Great Britain and its economic and social
growth as well (Nayak and Singh, 2021).

CONTI...
Research choice
 There are basically three types of research choices
such as the mono method and multi-method along
with the mixed method. The current Research
report is based on the mono method which is only
e based on the qualitative form of research method.

CONTI...
Research time horizon
 There are basically two types of time for reasons in
research: cross-sectional and longitudinal research.
The current Research report is based on the cross-
sectional which is of short-term and will get
finished in a short span of time.

CONTI...
Research techniques and procedures
 Research techniques and procedures are based on
the primary and secondary data collection. Both
forms of Data collection are used in the current
Research report.

ETHICAL CONSIDERATIONS
There are certain ethical considerations which are
followed in the current research such as the
voluntary participation and informed consent
along with the enormity and the confidentiality.

CONCLUSION
It is concluded that investigating the covid-19 and its
impact on the economy in Great Britain is an
important concept to study. This is because it can
help in the evaluation and analysing of the future
strategies which the business can gain so that it can
grow the economy of the nation.

REFERENCES
 Alradhawi, M., Shubber, N., Sheppard, J. and Ali, Y., 2020.
Effects of the COVID-19 pandemic on mental well-being
amongst individuals in society-A letter to the editor on “The
socio-economic implications of the coronavirus and COVID-
19 pandemic: A review”. International journal of surgery
(London, England), 78, p.147.
 Houston, D., 2020. Local resistance to rising unemployment in
the context of the Covid‐19 mitigation policies across Great
Britain. Regional Science Policy & Practice, 12(6), pp.1189-
1209.
 Kumar, R., 2018. Research methodology: A step-by-step guide
for beginners. Sage.
 Ledford, J.R. and Gast, D.L. eds., 2018. Single case research
methodology. New York, NY: Routledge.