Changes in the economy as a system: Entrepreneurship under the influence of covid-19

ABSTRACT

This research paper summarises the results of the rapid changes in the structure of the economic system as a result of the impact of the Covid-19 pandemic in 2020. The following tasks were set for the research to describe the national economic system before COVID-19 pandemic in Latvia, to identify and assess the main features of changes in the national economic system during 2020 and to identify and assess the geographical location of structural changes in the country. The obtained results indicate three main tendencies in the structure of the economic system. Some economic segments indicate that the number of employees has increased in the time of the pandemic influence, some almost remained unchanged or experienced a decrease. As the linear changes in the volume of employees in the elements of the main structure of the economy take place to a different extent, then there is also an increase or decrease in the share of certain main segments in the regions of Latvia. © 2021, Latvia University of Life Sciences and Technologies. All rights reserved.