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Are There Any Businesses That Thrive In Recessions?
Business

Are There Any Businesses That Thrive In Recessions?

|Getty Images Key Takeaways When consumers spend less, profit slows, forcing businesses to cut costs and assume a more defensive stance. For some industries, consumers will continue to spend, which means the businesses are not harmed by the recession. Investors need to look into the industries that provide goods and services people need to find good stocks to invest in, regardless of the state of the economy. When you hear of a pending recession, you immediately conjure up images of people and businesses struggling as the economy slows. These images might even come to you in black and white. While this is the case, not every business is impacted to the same degree. Some companies even thrive during a recession. Here is a look at why some businesses are hurt during a recessi...