Are there business that are relatively recession or depression proof? Why or why not?

Answer 1

Yes, there are businesses that are relatively recession or depression proof. These businesses typically provide essential services or products that are in high demand regardless of economic conditions. Examples of recession-proof businesses include healthcare, utilities, food, and technology. Healthcare is always in demand, as people need medical care regardless of the economy. Utilities, such as electricity and water, are also essential services that people need regardless of the economy. Food is another essential service that people need regardless of the economic conditions. Finally, technology is a sector that is often recession-proof, as people continue to invest in technology even during economic downturns.