Van Heerden, Tanya 3733802/02602

economy
https://www.bloomberg.com/news/articles/2020-04-14/world-economy-working-from-home-gets-glimpse-of-virtual-future

is a direct effect of COVID-19 on businesses, as the

businesses had introduced this method to keep their workers safe.
Remote working has negatively effect the economy in that it influenced the labour force by increasing lay-offs and lowering the productivity in some industries, for example manufacturing industries. This lowers the profits of a business and in turn lowers the tax paid to the government.
However, it has had a positive effect on some industries with white-collar jobs as it is not necessary for workers to be in the office to complete their work.

platform
Lay-off – termination of employment from a company
White-collar jobs

– professional, desk, managerial or administrative work performed from an office