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Explain the impact of recession on demand of any particular product?

Let us take the example of holidays & vacations - tours and travels industry. Due to recession, not many people are so interested in going for luxury vacations or exotic holidays. Many people are unsure of their jobs and hence want to cut down on their spending and also many people have lost their jobs due to the crisis and are currently not in a position to spend on such luxuries. As a result the tourism industry and the hospitality industry are badly hit.


Which industry was hardest hit by the recession construction solar healthcare Internet?

The construction industry was hardest hit by the recession, as it typically experiences significant downturns during economic slumps due to reduced demand for new projects and tighter credit conditions. Many construction companies faced layoffs and project cancellations, leading to a significant slowdown in activity. While other sectors like healthcare and the internet were also affected, they generally demonstrated more resilience during economic downturns. Solar energy saw continued investment as a long-term growth sector, making it less vulnerable compared to traditional construction.


The recession has hit many people hard, do you think this has increased the amount of junkyards or decreased?

Yes the recession has affected junkyards. They make you pay for every little thing now. Years ago you could take you what you needed for cheap but now not so much. The pricing is also much higher now.


Why did factory workers find it harder to make a living in the 1980s?

For much of the 1980's, the US was in a recession, and manufacturing jobs were particularly hard hit (this occurred again in 2008-2010). The downturn caused less demand for the durable goods produced in the USA.


How did Ireland live while the Great Depression?

Ireland was hit particularly hard by the Great Depression. Employment in the mining and industrial areas were at 70 percent. Millions lost their jobs and had to depend on the government dole to survive. One reason it hit so hard was because the United Kingdom had not fully recovered from World War I.

Related Questions

Which industry was hardest hit by the recession?

construction


Where can I find truck driving cdl jobs in NY?

At the present there are no listings for truck driving jobs in NY,this industry has been hit hard by the recession.


What is the best place to find local truck driving jobs in Chicago?

You will have to use any local connections you have as the trucking industry has been hit hard with the recent recession


Explain the impact of recession on demand of any particular product?

Let us take the example of holidays & vacations - tours and travels industry. Due to recession, not many people are so interested in going for luxury vacations or exotic holidays. Many people are unsure of their jobs and hence want to cut down on their spending and also many people have lost their jobs due to the crisis and are currently not in a position to spend on such luxuries. As a result the tourism industry and the hospitality industry are badly hit.


How recession has hit the engineering service industry?

Positive impact to engineering service suppliers as OEMs tend to cut costs, improve productivity and optimize resources.


Are there many hospitalist jobs in this economy?

At the moment there are very few hospitalitis jobs. The travel and hospitality industries have bee hit hard in the recession.


Is the gardening plants and flower industry recession proof?

It's one of the most recession-vulnerable industries around. Some people would say it's recession-proof because if things got bad enough people would start growing their own food. True enough, but the majority of that business is in the sale of decorative plants--which are luxury items. Any business that deals primarily in luxuries is going to be hard hit if things get bad enough.


Where can I find online ads for local truck driver jobs in Kansas City?

www.swifttruckingjobs.com will help you find trucking jobs in Kansas City. Additionally, you can try www.hotjobs.com and www.monster.com. The trucking industry has been hit very hard by the recession. At the present there are no listings for such jobs in Kansas City.


Which computer software stores have been hardest hit by the recession?

CompUSA, Computer City, Circuit City and Apple were hit hard by the recession. While Apple has rebounded, CompUSA which acquired Computer City, was bought by Systemax, which also owned Circuit City. CompUSA and Circuit City were then consolidated into TigerDirect as Sytemax dropped their storefront brands.


Why did buick drop Tiger Woods sponsorship?

The car industry is one of the hardest hit by the recession, they just could not afford or justify keeping their sponsorship of Tiger Woods going.


Which industry was hardest hit by the recession construction solar healthcare Internet?

The construction industry was hardest hit by the recession, as it typically experiences significant downturns during economic slumps due to reduced demand for new projects and tighter credit conditions. Many construction companies faced layoffs and project cancellations, leading to a significant slowdown in activity. While other sectors like healthcare and the internet were also affected, they generally demonstrated more resilience during economic downturns. Solar energy saw continued investment as a long-term growth sector, making it less vulnerable compared to traditional construction.


The recession has hit many people hard, do you think this has increased the amount of junkyards or decreased?

Yes the recession has affected junkyards. They make you pay for every little thing now. Years ago you could take you what you needed for cheap but now not so much. The pricing is also much higher now.