In many communities, people are returning to the basics of business. As in the days of our ancestors, there is a lot of bartering going on amongst self employed individuals. Trading goods and services has become a way of getting what we need when our income has become very limited. When not bartering in the traditional sense, lower rates are in effect that allow struggling individuals and companies to still be able to perform their jobs, and receive services and/or goods that they need. There has become a sense of common ground, in which ‘together we can’ is the current mantra.
Positives About the Recession
Business Basics
Name:Not in the USABetter Spending Habits
Name:Non-ShopperThe recession has caused most of America to evaluate their spending habits. People are cutting back on expenses including family entertainment. Instead of going to the movies or dining out, they are choosing to return to the family dinner table, renting videos and having family game nights. Families are choosing less expensive ways to spend their time together, inviting other family and friends over for pitch in cook-outs. Instead of traveling across the country for vacations, people are seeking out vacation areas, festivals, other low cost events that are only a few hours from home.
More Frugal
Name:A Penny SavedAs the economy becomes tighter with the loss of businesses and incomes, we are finding that people are becoming more conscious of where their dollar is going. People are seeking advice from financial counselors on the best way to save or budget their money. This conscious expenditure is enabling people to choose ways to spend their money wisely, causing them to look to gain more for less. In return retailers are lowering prices that allow their community to be able to still afford to shop in their stores along with an increase in available coupons and special pricing by manufacturers.
New Business Opportunities
This man in the UK started a new business and said he wouldn't have been able to do it if it wasn't for the recession.Name:Anonymousalmost over
Name:some1recession positive? it's almost over. rite?
China? Superpower?
Name:bizmanIt will now take China longer to become a world super power. Thank you, Recession! Apparently the Chinese don't purchase as much as the US consumers did in the 80s thru 2000 ... or whatever the dates are. But thanks, recession, you may have stalled them by cutting our consumption! Way to go! Really!
*shakes head and walks away*
kuw4tqp9h5
The Environment
With less things being bought, there's less being consumed and made, having an impact on the planet... Tom in Detroit