The reccession is being more and more discussed, some people think that recessions provide and aboudance of opportunities. However, "recessions" is a negative word, so does" The worse the crisis, the greater the opportunity" really make sense?
Receesion means a general slowdown in economic activity over a long period of timeGDP, employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions. So, most business people think it is not good to start a business in a reccesion.
There are some examples have been given from this article to show us how to catch the opportunities in a reccesion, after I summarised, i think the first thing that the business peopole have to do, is to think of what needs may emerge. For example, many unemployed people need assistance to help them to find new jobs. This is a good time to consider starting an employment agency, a life coaching service, a job skills training centre. Aslo, the people who had started a businnes already could consider what alternative options they have if they go out of business.
Anyway, opportunities are limited, business people should have full of passion and innovated ideas to survive in a reccetion.
Diseconomies of scale
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Diseconomies of scale occur when a business grows so large that the costs
per unit increase. As output rises, it is not inevitable that unit costs
will fa...
7 years ago
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