The impact of Covid-19 on small businesses in the North of Iraq

Abstract

This study examines the impacts of COVID-19 on small businesses in the Northern region of Iraq. The survey sample included 235 persons in Erbil governorate. According to the results, small businesses in all sectors in the region have been affected negatively by COVID-19. The COVID-19 has had negative effects on 74% of participants’ business; this means that most of them have suffered huge losses, to the extent that some of them have suffered huge losses more than the profit of the several months before COVID-19. Based on the survey result, sales on debt have increased so much that the average of these sales in debt is 86.4%. The majority of participants pointed out that during the outbreak of coronavirus, most people paid more attention to the price of the product than to the quality