thinking about and respond to the following questions about the five (5) Factors of Production, and how these influence and change business - especially since the Covid 19 pandemic has impacted the world.

How has the Covid 19 Pandemic affected the five (5) factors of production for businesses? Students are to carefully think about this (use personal experience as you wish) and explain your answers. Ensure you discuss all 5 factors and describe the impacts you believe have occurred due to the pandemic. Are all of the impacts negative, or do you think that there may have been some positive outcomes forced on businesses (and countries) resulting from the pandemic?

You need to justify your responses, try to answer utilizing concepts such as 'The Laws of Supply and Demand' and the concept of 'Degrees of Competition'. If you are using external references these should be in your Bibliography and direct quotes need proper citations.