I need help with the following topic:

The impact of the infectious and communicable disease known as COVID-19 has quickly become one of the most public health challenges in the world to date. On March 11, 2020, the World Health Organization declared a national pandemic due to the rapid spread, speed, and scale of the transmissible disease of the novel coronavirus. The virus began in mainland China and on January 22, 2020, researchers connected evidence of human to human transmission. The first outbreak occurred in February 2020, at which point began to spread rapidly worldwide.https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7332915/

The impact of the COVID-19

pandemic on categories such as human life, public health, food systems, and

economics (both micro and macro) is dramatic. Millions of enterprises were

faced with existential threats, and nearly half of the world's 3.3 billion global

workforces was facing risks of losing their

livelihoods.https://www.who.int/news/item/13-10-2020-impact-of-covid-19-on-people%27s-livelihoods-their-health-and-our-food-systems.

Many business owners were concerned with the challenge of keeping their business

afloat, as during the mandatory lockdown moments of COVID-19, the means to earn

an income was low. The global pandemic has caused a major setback in how

businesses earn a profit, especially due to border closures and trade

restrictions.

The economy shifted

dramatically in March 2020 when the COVID-19 global pandemic was declared. The

impact of COVID-19 and the ability for businesses to operate regularly

presented a major challenge for business owners. Small businesses were

particularly impacted negatively by the COVID-19 crisis, keeping in mind the

global pandemic has affected the majority of businesses in the world. In

Canada, it was reported that almost 41% of businesses laid off staff. Luckily,

in many areas, including Canada, the government has created a COVID-19 Economic

Response Plan, which includes many types of funding programs to assist

individuals, businesses, and sectors.

https://www150.statcan.gc.ca/n1/pub/45-28-0001/2020001/article/00018-eng.htm

Prior to the global COVID-19

pandemic, social media, specifically Facebook and Twitter, were used

essentially to connect the world. Originally, these social media websites were

a great tool for individuals and businesses to use, for free, to connect with

friends, work colleagues, or meet new people, via an online platform.You

have the option to share music, videos, and articles as well as thoughts and

beliefs in a public format. Established in 2004 by a Harvard University student,

Mark Zuckerberg, Facebook has grown into a social networking website that has

over 2.23 billion active users.

https://www.webwise.ie/parents/explained-what-is-facebook-2/ Twitter, on the

other hand, created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in

2006 has more than 100 million users. https://en.wikipedia.org/wiki/Twitter

Social media in the world of

economics allows businesses to communicate and directly interact with existing

customers as well as potential new customers.It is an important and

essential part of doing business as a marketing strategy. If used properly, it

can positively influence a business's revenue and sales.

The amount of Facebook users

in 2008 the number was roughly 100,000 million and in 2020 at the end of the

the fourth quarter, Statista reports that Facebook had over 2.7 billion (2,797,000,000

million) users worldwide. On the other hand, Statistica reported that in 2010

Twitter had 30 million users and this number grew to 330 million at the end of

the fourth quarter in 2019.

Please I need help with these questions:

Provide a Theoretical Background

Theoretical backgrounds are

how research is conducted. Provides information on how the researchers

formulate research and how we investigate the problem.

Research social media

theories and concepts, and explanations. The theoretical framework assists to

interpret and understand the findings of research and make sense of data.

What are the Data and Variables

(Include what are the

variables you have applied in this research. Write in this section - where have

you collected data for each variable, i.e., data source? How many years of data

you are using data for analysis? etc.)

Variables are elements and

factors that are liable to vary or change.

Data Analysis

(Draw and explain figures. Do you see any theory that matches your research outcome? If yes, what theory? Is

it the Law of Demand? Or it does violate the Law of Demand. If it does, why?

Give your opinion.)