Yes, azilana, everyone needs essentials, in a recession or not.
However, the theory goes that small luxuries (going to a fast-food joint, renting a movie) perform better in a recession than in a boom. It's because their competition (going to a swanky restaurant or taking the family for a day out) become unnecessary extravagances, but people still want a little joy.
Yes, azilana, everyone needs essentials, in a recession or not.
However, the theory goes that small luxuries (going to a fast-food joint, renting a movie) perform better in a recession than in a boom. It's because their competition (going to a swanky restaurant or taking the family for a day out) become unnecessary extravagances, but people still want a little joy.