When the economy is bad, what industries will rise?

Mondo Finance Updated on 2024-03-06

In the post-epidemic era, the global economy is in a downturn, salary cuts are being resigned, jobs cannot be found, and expenses are not settled, in this economic environment, what industry will be relatively better? Some industries even create new business opportunities and wealth. Share a few industries and why they are able to thrive in times of economic downturn.

When the economy is bad, people's spending power will decrease, but the demand for life will not decrease. This is where second-hand trading becomes an ideal solution. Whether it is a seller or a buyer, you can make the best use of your resources, save money, and even earn income through the second-hand trading platform. For example, the example of the collapse of a café is a good proof of this. Those entrepreneurs who want to open a café can buy coffee machines and other equipment at a low price through the second-hand platform, saving the cost of starting a business. And those café owners who have gone out of business can also sell their equipment at a price higher than the scrap price through the second-hand platform, reducing their losses. In this way, both parties benefit from the efficient use of resources and the maximization of value.

When the economy is bad, people will consume more rationally, no longer blindly pursue brand effect, but pay more attention to the cost-effectiveness and practicality of products. This gives a good opportunity for some debranded products and services, which can attract consumers with lower **, higher quality, and better service. Muji, for example, is a prime example. Muji's products, whether they are clothing, home furnishings, stationery, or food, are characterized by simplicity, practicality, and environmental protection, and do not pursue gorgeous appearances, do not advertise highly, and do not add high premiums, but minimize costs and profits, so that consumers can enjoy a high-quality life with reasonable quality.

When the economy is bad, people's concept of marriage and love will also change, and many people will choose to delay marriage, or not get married at all, but live a freer, more flexible, and more personalized single life. This has given rise to a huge market for singles, involving a wide range of products and services. For example, food, restaurants, travel, and entertainment for one person will all be popular with singles. Moreover, single people tend to have more leisure time and disposable income, and are more willing to spend money on their interests and hobbies, which gives many businesses in subdivisions a good opportunity to meet their individual needs and preferences.

When the economy is bad, people's psychological pressure will increase, and many people will hope for luck and want to change their fate by buying lottery tickets. While this is irrational and undesirable, it is a widespread phenomenon. Therefore, the lottery industry in the economic crisis, often buck the trend**, become an outlet for people seeking psychological comfort and dream realization. Of course, this is not to say that we should encourage everyone to buy lottery tickets, but we should remind everyone not to rely on luck for their fate, but to rely on their own efforts and wisdom to create a better life.

When the economy is bad, people will cherish the things in their hands more and will not easily replace or discard them, but will try to repair and maintain them, so that they can extend their service life and reduce expenses. This gives a good opportunity for the maintenance industry, whether it is cars, computers, mobile phones, clothes, shoes, or household items, there will be a great need for repair and maintenance. Moreover, with the development of science and technology, the maintenance of many products has become more professional and complex, requiring professional technology and equipment, which gives the maintenance industry more added value and competitiveness.

When the economy is bad, people's psychological pressure will increase, and many people will have psychological problems such as anxiety, depression, insomnia, and may even lead to suicide or violent behavior. Therefore, the psychological counseling industry will also have a great demand in times of economic crisis, whether online or offline, there will be many people seeking the help of psychological counselors to alleviate their psychological distress, improve their psychological quality, and find their confidence and fun in life.

When the economy is bad, people will pay more attention to their knowledge and skills, whether it is to improve their competitiveness, or to broaden their horizons, or to enrich their lives, there will be many people who choose to learn new knowledge and skills, or improve their original knowledge and skills. Therefore, the education and training industry will also have a large market in the economic crisis, whether it is academic education, vocational education, interest education, or ** education, offline education, personalized education, will be welcomed by people.

When the economy is bad, people will be more eager for entertainment and socialization, but they don't want to spend too much money and time, at this time, live streaming has become a good choice, it can allow people to have a variety of interesting content at home, and can also interact and communicate with anchors and other viewers to meet people's entertainment and social needs. Moreover, live streaming can also give people the opportunity to become anchors, attract fans and income by showcasing their talents, knowledge, experience, opinions, etc., and realize their own values and dreams.

Do you know what other industries will develop during the economic downturn, you can tell me in the comment area.

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