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Entry

Pandemic Economic Crises

by
Kristián Kalamen
1,
František Pollák
1,2,* and
Peter Markovič
1
1
Faculty of Business Management, University of Economics in Bratislava, Dolnozemská Cesta 1/b, 85235 Bratislava, Slovakia
2
Faculty of Corporate Strategy, Institute of Technology and Business in České Budějovice, Nemanická 436/7, 370 10 České Budějovice, Czech Republic
*
Author to whom correspondence should be addressed.
Encyclopedia 2023, 3(4), 1489-1497; https://doi.org/10.3390/encyclopedia3040106
Submission received: 14 September 2023 / Revised: 16 November 2023 / Accepted: 28 November 2023 / Published: 29 November 2023
(This article belongs to the Collection Encyclopedia of Social Sciences)

Definition

The market serves as the convergence point of supply and demand and represents the process through which market relations between economic units materialize. From a global perspective, the focus shifts to the world market, which is the fundamental structure on which the global economy is based. The world economy operates as a very complex ecosystem. When it is exposed to the extremely damaging effects of a global pandemic, the term of a pandemic economic crisis becomes relevant.
Keywords: market economy; economic crisis; financial market; pandemic; COVID-19 market economy; economic crisis; financial market; pandemic; COVID-19

Share and Cite

MDPI and ACS Style

Kalamen, K.; Pollák, F.; Markovič, P. Pandemic Economic Crises. Encyclopedia 2023, 3, 1489-1497. https://doi.org/10.3390/encyclopedia3040106

AMA Style

Kalamen K, Pollák F, Markovič P. Pandemic Economic Crises. Encyclopedia. 2023; 3(4):1489-1497. https://doi.org/10.3390/encyclopedia3040106

Chicago/Turabian Style

Kalamen, Kristián, František Pollák, and Peter Markovič. 2023. "Pandemic Economic Crises" Encyclopedia 3, no. 4: 1489-1497. https://doi.org/10.3390/encyclopedia3040106

APA Style

Kalamen, K., Pollák, F., & Markovič, P. (2023). Pandemic Economic Crises. Encyclopedia, 3(4), 1489-1497. https://doi.org/10.3390/encyclopedia3040106

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