The effects of COVID-19 on the economy in the framework of institutional economy

The Covid-19 virus has shaken the whole world quickly in a short period of time. The first Covid-19 case was seen in Wuhan, China in December 2018, from where it spread to the USA, South Korea, Japan, Thailand and the whole world in a short period of time. On March 11, 2020, the WHO declared the Covid-19 disease a global epidemic. In this research, it is aimed to examine the effects of Covid-19 virus on the economy within the scope of corporate economics. As a result of the literature search conducted for this purpose, previous studies and researches related to the subject were reviewed. As a result of the examinations, the relevant information has been included in the research. This research carried out is of great importance in terms of determining the positive and negative effects of the Covid-19 virus on the economy within the scope of corporate economics and setting an example for future studies and research. As a result of the research, it has been observed that the Covid-19 pandemic has caused a general recession on economies. The mentioned recession caused global commodity prices to increase, foreign trade rates to decrease, unemployment rates to increase and production losses.