Post
Topic
Board Economics
Re: Opportunities During Economic Downturns?
by
Marvelockg
on 26/02/2024, 20:53:17 UTC
Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are  faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?
of you fail to see opportunities during econic downtime them you're definitely not a good business person.

So many persons Gained financial freedom during the covid because they siezed the opportunity to Thier advantage and today they are grateful for taking such decision
 Economy downtime only worries those that cant think through critical issues of not it could be the turning point you've been expecting it you make the best out of it.