Post
Topic
Board Economics
Re: Opportunities During Economic Downturns?
by
Smartvirus
on 09/02/2024, 23:30:00 UTC
Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention.
Obviously this happens.
Coming home to a nation like mine, I recall having noted people in my locality taking advantage of the various occurrences that might have come with some adversities to benefit themselves.

On a global scale, the Covid-19 situation reminded us of our hygiene and created a market for hygienic items like hand sanitizers, nose mask and the rest of them.

Lack of cash in my locality pushed for a more cashless policy and a new brand of business like the buying of cash from people that uses point of purchase or sales machine. Where you just get your debit card run on their device, your given your value in cash and you pay a fee for the service.

For those who are able to look, they can see the opportunity there and utilize it. The issue is, don’t use it for an opportunity to exploit the people.