In terrible financial times, individuals still experience the sickness, which is the reason the Health Care segment for a long time has beaten the subsidence confirmation of being at the top of the recession proof business list.
Superstores around the world are rapidly knocking off their minor competitors for their way. People look for cheaper goods and services during recession, which is why Discount Retail stores which offer lower prices WIN the second slot in recession proof businesses.
Education has also topped every list of recession-proof businesses. There is always a huge demand for education in every country and thus this sector offers more business opportunities. We rate this in the third.
Recessions are not meant for the rich. The number billionaires are generally growing every year. The rich of Middle East and Asia have big spenders for this industry. These rich love luxury and for them it does not matter if the world is going through recession! Luxury retail stores & brands hit at fourth position in our list.
Cosmetics are women’s joy, and would not affect them buying such items during recessions. Women do look for reasonably priced products during recession. A survey’s result show increase revenue connected with lipstick sales which is a dependable indication rationally indicating that Cosmetic industry is economic downturn proof.