Pros And Cons Of Recession Proof

Recession proof is a term that is used to describe an industry or sector that is believed to be economically unaffected to the arising of economic downturn. In other means, recession-proof industry tends to remain constant demand for their products and sales and even earnings growth in good and bad economic condition (“Investopedia,” n.d.).

Vet services

Vet services can be categorized as recession-proof industries because most people are passion with pets and they are willing to spend any amount to keep their pets healthy. When economic is tanking, people lost their jobs. Nevertheless, they still spend money on veterinary care to succumb their pets from diseases. According to Shatkin, the author of “150 Best Recession-Proof”, even in economic downturn, people are spending more money on their pets, especially when it comes to veterinary care (as cited in Feltz, 2009). People do not hesitate on taking care and pampering their pets on non-emergency care such as grooming. Hence, it has

This is because people tend to seek for entertainment to get off from the struggles of reality. During economic downturn, people spend less on the entertainment such as theme parks and concerts. However, people do go out for a movie as their leisure because the movie ticket is inexpensive compared to other types of entertainment (Breznican, 2011). According to Corcoran, people go for movie to seek for a relief in forgetting their dilemma in their lives during tough economic times as movie ticket is the least expensive type of entertainment (as cited in Breznican, 2011). There was an increase in the attendance of Box Office during a recession where Box office was up by 5 percent in 2010 from 0.6 percent in 2009 (Breznican, 2011). For instance, with the last summer’s Transformers: Dark of the Moon, the sales of summer movie tickets have increased dramatically and making $1.3 billion worldwide (Harris,