Who benefits from recession?
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A recession generally means two major things — cheaper stocks and cheaper homes. Young people (who are less likely to own stuff) usually benefit from these things. Say you're 21 years old and you're renting. A recession means that the house you're looking at will become cheaper.
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Explanation:
1. Firms offering cheap entertainment.
2.Companies dealing with bankruptcies and loss of income. For example, pawnbrokers and firms selling pay day loans – People short of cash turn to loan-sharks.
3. Firms selling inferior goods.
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