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Reply to this post you agree or disagree Even during economic crises, there are some types of businesses that continue to be accepted by the

Reply to this post you agree or disagree

Even during economic crises, there are some types of businesses that continue to be accepted by the consuming public.

Certain businesses, even, we can say that they even prosper exactly thanks to the crisis. As for example:

Grocery Stores

A consumer during a crisis may not change their car or home and may cut extra expenses, but they will not stop eating. For this reason, the food sector also continues to grow and expand.

Auto Repair and Maintenance

In a time of economic crisis, the consumer's purchasing power decreases and, as a result, he tends to invest more in the repair of defective items than in the purchase of new ones. Therefore, a repair company, small or large, tends to have good chances. This is the case, for example, of a company that promotes small repairs in clothes and shoes, making them as new. On a larger scale are home repairs and repairs, such as repairing plumbing and electrical systems, for example.

Drugstores

Drugstores are another type of business that works in times of economic crisis, as people cannot give up taking necessary medicines for health. In addition, most drugstores also offer hygiene, beauty and personal care products, which are always sought after by consumers.

Business related to healthy living

Another trend in times of economic crisis is for people to take better care of themselves and pay more attention to health. As a result, businesses linked to healthy living are likely to prosper in the midst of an unfavorable moment. This is the case of gyms, supplements and healthy products stores or restaurants focused on healthy eating, for example.

Sources:https://www.investopedia.com/financial-edge/0811/9-businesses-that-thrive-in-recession.aspx

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