as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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comment on the economic impact the pandemic has had on small businesses.
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the economic impact of the covid-19 pandemic on small businesses has been substantial. many businesses have had to close, or limit their operations due to restrictions imposed by government mandates. this has resulted in lost revenue and layoffs, which has had a devastating financial impact on these businesses. in addition, access to resources such as loans and grants has been much more difficult, further compounding the problem.
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