Bitcoin Forum

Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are  faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?

Yah, despite that, inflation can really be a thorn in the wind for some people because it can make the cost of living difficult due to the high price of goods and services, which makes the purchasing power of money depreciate. It can also be of good advantage to some entrepreneurs and some economists. People who are usually at an advantage during inflation are producers, investors, and share holders.

If there is high inflation, it means that the price of goods will definitely go up, and producers will earn a great profit from their goods.

Investors, too, usually gain more profit from any product that they invest in if there is a productive sale during inflation. Take, for instance, the fact that you bought plenty of bags of salt in 2022 for $50 per bag, and now in 2024, one bag is selling for $150. That means you will earn $100 for each bag for as many bags you buy in 2022. That is a great profit for that investor.

Shareholders too are usually at a good advantage of better returns during inflation because if the company that they have bought shares from is performing actively to carry out more productivity and high sales, the share holders will enjoy more dividends and high returns.

Inflation can also be beneficial to borrowers because, during inflation, our local currency loses its purchasing power and the borrowers can pay a low interest rate on the initial value of their interest.

There is also one advantage of the recession, which is that it can enable an investor to purchase an asset for a lower rate compared to a high rate; they would have acquired the same asset if the economy were booming.

The set of people that actually benefit a lot from economical downturn are the hoarders of either foreign currency or some commodities like agricultural produces. During recession this particular set of people earn more as they have hoard lots of these during its low price days and can simply sell at a higher price since the demand has increased. This are people that even pushes for recession in the countries.

Opportunities that arises during recession are to those who are in real estate as they tend to buy lands and houses at low prices this time from people who might have been hit hard by the recession.

As for business opportunities it will be the selling of groceries and pharmaceutical products, when an economy downturn occurs people tend to cut down some of their needs and this affects the companies producing this items but this two things groceries and pharmaceutical goods can never be cut off when it’s needs arises, so this is also a good business opportunity if one can find the right niche for it.

Yeah. Tough times can really stink.  But if we look a little closer, there can be some surprisingly cool stuff happening too.  Like when you throw together a killer meal from leftovers - that's your brain getting creative when things are tight!

Sure, economic downturns aren't fun for everybody.  And it can be tough to start new projects or businesses.  But hard times have a way of bringing people together too.  Neighbors share tools, gardens spring up on empty lots and  we learn to enjoy life's simple pleasures again like finally fixing that leaky faucet (or is that just me?).

So while rocky economies really suck, they can spark good things too in unexpected ways.  Keep an eye out for those little rays of light, even on the messiest days.

The economic cycle goes through natural booms and busts, in the good times people spend a lot and eventually they spend too much - often becoming wasteful with fanciful projects. All sorts of triggers can then flip the switch, causing creditors to call in their debts and stop lending so much. This causes good businesses to tighten their belts, optimize and become more efficient with their money, they start to look closely at all their outgoings again to trim the excess. Badly run companies or those that refuse to adapt to the new environment may often fail, but the most successful companies are never static or only survive through the good times. There is definitely a sense of renewal and removal of inefficient companies when you're at the bottom of the cycle.

Yes, I do believe that there is still potential during economic downturns. You know as a normal thing for most of the human being, we're here to survive and we do whatever it takes to survive.

Just take the example of people that are living in hyper inflation countries like Zimbabwe and Venezuela. If people there don't see the opportunity, they won't survive.

That's why they do whatever it takes to survive but some of their family members have been leaving the country to work abroad. But locally, there are for sure opportunities that can be seen but if ever someone sees it, it may be the other people that takes it.

Because many don't like executions and they just think outside the box but don't do it.

I guess another thing that's not usually discussed is that economic downturns also eliminate your competition if you decide to stick it out. It's an opportunity to expand your business buying more assets and maybe enjoy some tax breaks. You'll be in a good position once the market rebounds.

that is, if you have good financial back-up and other resources to tolerate the the current economic conditions. the very reason why a lot are not sticking out because they can't sustain their operations as they will go bankrupt.
definitely, they will find alternative options for those who can't sustain their business during economic crisis. and not many business owners can truly keep up their operations because they can suffer negative profits if they continue to operate without much customers to serve.

Of course, the opportunity is always there for people who are strategic in life, even if we say that the country we are in is going through an inflation problem. It's been a few decades that, despite the economic crisis, there are still many people who survive these opportunities in life.

Then that's where all people live, because they have to survive every day of their lives, for that matter, as long as they don't give up on life.

There are also other challenges that may be difficult to tackle. For instance, there is also this bias people may have towards local products thinking that it is not quality enough maybe due to the raw materials used or the production conditions. Most people in some places from observation have preference for imported goods and products.

There are opportunities in almost every situation, there are even opportunities in time of war and crisis. Invest or start up businesses that benefit from inflation like Oil and gas, Transportation, large wholesale/retail outlet for everyday items etc. Those businesses can benefit from inflation if properly managed.

It’s true people have a certain sense of trust for foreign goods than the local ones but this challenge can easily be tackled by sensitization and promotion of local products in the country. It’s a PR problem and the narrative can be changed if the government wants it to. They can also be more extreme and ban the importation of certain foreign products that they know can be manufactured locally.

You are right, necessity is the mother of invention, but the necessity is not only in the form of inflation, recession, or some economic downturns, it can be in the form of boycotts as well. For example, people in my country, prefer to not use Israel's products and the companies that are directly benefiting Israel, so they left going to McDonald's and stopped using many products. This makes a gap for such products and services need and this need was fulfilled by local brands.

People in big cities started to find other local restaurants instead of MacDonald and started to promote them by doing food vlogging so more and more people would know. Someone here raised a question that this boycott is hurting employment as when people boycott some company the local employee have to face financial problems as the company is not generating anything, but that's for temporary time and in the long run, when new local brands will take there place these employees will be hired again and will be making good money.

As a general rule, economic downturns are fabulous opportunities to buy on the cheap. I know people who struck gold in the 2007 crisis by buying Real Estate at bargain prices. If stocks and shares are your thing, you can take advantage to buy cheap when there is a downturn. Or buy Bitcoin, the recent inflation crisis coincided with a drop in price to $17K. When there is panic in the streets and everyone is selling it is an opportunity to buy.

We see who's ready to roll up their sleeves in these times. High taxes, running costs, etc. are major issues. Opportunities are too. When imports become too expensive, what happens? A market gap appears. That's a dilemma and a call to action for local entrepreneurs. High taxes and costs? They're obstacles. Overcoming them is part of the game. It's about efficiency, streamlining, and policy advocacy, probably most importantly

Not that it's easy. Far from it. However, history is full of firms that thrived during hard times. Why? Because they adjusted. They innovated, simplified, and targeted local markets. Remember that economic pressures can change policies and encourage local production. Despite the hurdles, opportunities are available for those who look and strive for them

The only problem with this is that you've got to have a lot of money before the economic downturn happens because you're also affected by this too which means that we all should start saving now and make sure that each and every financial decisions that we take is strict and absolute that a deviation would lead to series of problems. Another thing that is an ick to me is that when everyone's already saying that we're in an economic downturn, people aren't still buying bitcoin despite knowing that the dump in price won't last and they fear that this isn't going to be the last dump in prices and then regret not buying so low again.

You can find opportunities during economic downturn or recession. First thing is investment. During recession, a lot of stock price are declining so you can make use of that time to invest on promising stocks in the future. Invest in the field that provides necessities or something that is essential and doesn't go out of trend. Aside from stocks, property and Bitcoin are also a good option for investments.

Also, you can start your own business that strives during recession. Just like what I've mentioned about stocks, you can either start your own business. We've seen what happened during pandemic, a lot of businesses closed but those in the essential field remains operating and they become more in demand. I've searched for some other fields that do well during economic downturn. 

 Opportunities are everywhere even during economic downturns, it just depends on how well you utilize it, because it's in the time of such difficult straits you'd understand why adversity is the mother of invention. Due to high inflation in some countries, the economy experiences a sort of crunch and relating it to the market, consumers behavior and taste shift, eliminating certain needs and making room for others.
Most times it's difficult to accept change or a new product especially if one is comfortable with it but for business to not shut down due to the recession, changing the pattern will come in handy. Although there are risks to these things like the possibility that after spending money to getamd rebrand the product, the demand and supply for that product will not be much, causing losses, but remaining rigid and consistent will eventually make people get used to it. Humans are adaptable after all.
 
 

For this reason each country usually has institutions or state owned enterprises to facilitate Micro, Small and Medium Enterprises that want to develop their local products so they can be exposed abroad. Problems and challenges exist in administration which often make it difficult for  pioneers to enter distribution  areas between countries. Including the costs charged to have legality are also not cheap. So many local industries have been neglected  due to poor management. Apart from that we often encounter unscrupulous individuals who use it to set costs and hinder the development of local industry in the eyes of the world. Many local productions now face serious challenges and do not receive more attention. Management bodies for Micro Small and Medium Enterprises do not receive full support from the government which  results in the economic cycle stalling.

I think its possible that when import duties get high, people might start local businesses, boosting domestic production. Sure there are hurdles like operating costs and startup taxes but recessions can push us to find creative ways to overcome these challenges and discover new opportunities. It's like a rough patch that can lead to some unexpected positive changes but i think we should not hope towards that?

There are business opportunities at any given period in any country. Even wars, natural disasters and conflicts bring some opportunities to make profit. Countries usually increase import duties to raise revenue and also support local industries. Local industries will be profitable during this period only when production resources are sourced locally. If these local industries depend on imported raw materials to produce, they will not have a competitive advantage because the cost of production will still be high.

Local industries will also survive if they are given the needed support by the government because inflation destroys local businesses. Tax exemption policies and the provision of necessary infrastructure will help these businesses to survive these hard times.

If an economy is in recession it affects everything in the country but there are still many businesses that can flourish in these hard times if they are well managed. But ensure you carry out a comprehensive business analysis before Investing in any business.

As a freelancer an economic downturns open my eyes of many opportunities that I have ignored previously. I used to ignore my local client because they aren used to paying so much less than an international client previously, but with correct approach I can convince them that what they are paying is worth it, tho they aren't paying as much as International client, but it's a bit more reasonable and I can work with it. Other thing is that with the economic crisis, it forced me to learn new skills, that I used to thing I don't need to learn because I already are in my comfort zone. But then my work is very limited and then I need money and I have time to learn new skills, so turns out, there is still some good side of economic downturns if we actually look into it.

Inflation is a difficult time that business, economy seems to be very challenging.  Inflation price of everything is so expensive which people find it so difficult to afford.  During Inflation their are people who still do well in their  business and they are not affected of Inflation.  Like some business people who already bought much goods and stuck as the price of things is going up they increase their goods which they have already bought longtime ago when the price was still fair.

Inflation only affect small business that is why during inflation lots of small businesses crash because it is so difficult to cope with the steady price that is increasing. Inflation and recession is a difficult time for many people but also a good time for some people to make more money in their business.

IMO, it depends on two things
First, It depends on how bad that country and its economy are. A lot of countries are going through inflation but that doesn't mean all the countries are in the same situation economically. There are countries where the economy is so bad, so much insecurity, prices are so ridiculously high and to top all that, the currency has no value. In a country like that is so difficult to do business. Producers will spend so much on the cost of production yet people won't be able to buy whatever they're selling because they're poor, this will in turn make producers produce substandard goods.

Secondly, I believe it depends on the person who already has the resources for that opportunity before the country goes into turmoil, especially the capital for the business. It's more difficult to raise a country in a dying economy, but if the person already has the resources, it's much easier.

I'm not saying you can't do business in a bad economy, but seeing an opportunity because of the bad economy is a different thing altogether.

The entry of imported goods can affect local businesses run by natives and this usually happens in developing countries. The potential for imported goods will kill domestic products because price competition can cause small-scale businesses to reduce their sales. Therefore, this potential needs to be studied and the government should be present to protect local products produced by indigenous people and limit imported products on the market with much more binding regulations.

In the midst of an economic crisis, this will be much more pronounced because some people's income will die, preventing local products from developing. If the price of local products is expensive, people will switch to foreign products which are much cheaper and currently the availability of online purchases has also increasingly made local products less popular. This effect is actually quite large even though some countries have an economic power structure that is much better at dealing with crisis problems.

The best one is to invest, because you do not even work for it and others work for you. If you invest into a business, like buy a stock, when it's at the bottom, then they will get better with time and you are going to make their profit with them, without lifting a finger. This is what the stock market is all about, people who would like to use their money to invest into things that would make a lot of money.

Most companies do not even benefit from this all that much, they sold most of their shares so that means they have near none, and when the price of stock goes up, it's the shareholders that manage to make a profit and the company doesn't become bigger, maybe the value would hence it would help but that's about all the profit they get from it.

Yes. You get it very well. Some of these developing countries are the sole imported of certain goods and because they make a lot of money out of it, they oppressed and suppress any local business that serve as competition.

These governments have to encourage local production like introducing a grant system for those local companies.A country that is dependent on exports and doesn't develop their local sector will remain stagnant.

Opportunities there are plentiful, you just need financing for some feasible projects.
Look how Elon does it, he calls you and in 3 days he has 25 billion $ from some companies who know his ways.

Do you know how long it will take for rebounds or will it last longer and drain you totally. Any opportunity you see without competition, you should be skeptical about it .
In the instance of Elon, it is not all about the money. Idea and smartness. There are people who has the money and not know how to multiply it.
Those who bought during the economic downturn are not always confident because they cannot guess the future. Which means they always sell back with little profit. Anyone who bought bitcoin at 15k will likely sell at 20k especially when there is much FUD.

the only true opportunity you can get is only when you got something in your hand to buy stuff at lower price like if you lucky enough to store some good amount of wealth in gold before and then suddenly economic face recessions and people are selling their property for cheap anywhere because they are in need then you can acquire stuff at lower price and resell when things are getting better.
but be careful if the economic downturn is so bad you might instead be the one that sells the property at even lower price overall its like catching a falling knive you never know what the result is but my guess is that, if the government is competent enough they won't let their country in a state of recession for too long it will probably get solved within months for majority of country with competent government.

That might depend on a country. I've seen some tutorials on how in the US, it's a good time to get a mortgage because it's protected from inflation or something like that.
In some countries, a recession is a time when real estate prices drop, so it can be a good time to buy a flat or something like that.
Then there are small things like benefiting from unequal price changes. For example, Steam is usually very late to adjust local prices after high inflation, so you can enjoy old prices for a while. Imported goods may not change in prices as much as local products if this inflation is your country's problem, so it can be an occasion to treat yourself to something special.

Check what are people needs in this year or around people where you live, when you see there are many people have a same problem or want a something, you need to find the solution for that.

Yep, there are many successful athletes and people who won lottery, but ended up become poor when they're old. They only know how to make money, how to save it and how to use it, but they forgot they need to invest or have a business.

The one big opportunity during an economic downturn which I have observed over time is the advantage of popular crypto over FIAT(Ex: Borderless transactions, decentralised transactions etc) tends to widen.

Another advantage for crypto investors is to buy many cryptocurrencies at lower than average prices whenever the market turns bearish.

It varies, like what the quotes say about "When life gives you lemons, make lemonade". So I think that idea came from the same context of the topic when there's not that much opportunities but you can see and think outside of the situation. IMHO, the more that we're pressed hardly by life, the more that we do better. And during the pandemic, it was one of the toughest situations that everyone has dealt with. With that, too many opportunities has came out and during the laid offs, people have found a lot of ways on how to make money. Became online sellers, worked from home opportunities and even gambling, they see it as an opportunity. Although we know that gambling shouldn't be considered as that but it was like one of the hardest times and people think of every situation to find opportunity from within.

One good example here is what had happened during pandemic where some economies has been crippled but for some people they can see opportunities that made them millionaires right now because they have done something in perfect timing and of course the smart idea they have discovered and works as planned. These smart people knows how to solve other peoples problem and bring solution to it.

Economic downturn gives rise to new ideas, because at that point people are faced with a of challenges, so every other person is looking for an alternative means on how to grow his or herself  thereby thinking outside the box and bringing in innovative idea that will help them surmount this challenges they are facing.

One good thing about situations like this is the ability for a small unit of persons to come together and identify a business and fund it because individually one person might not have the resource to fund it thereby making the the business to strive with their various ideas.

However, situations like this the government of that state have a major role to play. what will make situations like this to have headway is for government to implement policies that will drive local production to boost the local industrial hub, and for government to also reduce taxation, especially for new and emerging businesses.  
Hence when there is production and the people have a good level of income, then you begin to see that their purchasing power will be restored gradually.

I'm just trying to study some of the events that have happened in my country in the near future because I also happen to be an economics graduate. Importing goods from abroad is actually not a problem as long as the government can regulate permanent regulations, so that local products do not stop producing due to weak market value and they can compete with foreign products by relying on product quality and much more affordable prices.

The government needs to improve microeconomics because this sector can usually influence local products to grow. Unfortunately, in some countries it is still quite difficult to restrict foreign goods because they come from various social media platforms and according to regulations they are legal to buy and will not cause problems with the law. Luckily in my country regulations have been made regarding the sale of foreign and local products that are bought and sold on social media platforms, so that local products can still compete even though they have not been optimal until now.

When there is an economy down turn, nobody is expected to thrive well in that economy and nobody will be left untouched by the effect. The only people that survive only inflation is people that don't save their money in the local currency, perhaps into dollar or any strong currency that are not too affected by inflation and only if the money they earn continue to flow in foreign currency. The US for example are one of the best currency that doesn't get bitten by inflation, earning through that will save you from a lot of things in the country.

I see a lot of people saying those who have commodities saved before inflation set in isn't the best way to maneuver inflation, when you sell those commodities, you gain a lot but after a short period of time, you back to spend the money on over inflated commodities and then you joined them in the hardship.

In general, as long as you earn in local currency consistently, you will feel the negative impact of inflation and this is why the government must do everything to protect it's currency from inflation. We can't 100% control inflation but it must be manage and manipulated so people don't start crying when price of goods start to triple with the same earning capacity.

Yes, that is why you have to be in the position to enjoy trust. Trust is all what matters.
For that reason alone newcomers like me have to bid our time and get a little trust. Not storm ahead with a brilliant idea and no .... TRUST!

Smart people who can solve problems in a short time and can provide intelligent solutions to every problem that is occurring in a short time will always get more rewards for the efforts they make. And I think this is indeed worthy enough to be obtained by those who are able to do this at the right time because there are many people who are unable to find smart solutions and still really hope for smart solutions from other people in certain conditions, such as the pandemic example.

so many business that are selling digital goods like subscription growing so fast back then.
but right now those companies are having significantly lower customers so I think some business does indeed get big when the pandemic since people are spending most of their time online anyway but slowly the business also dying once the pandemic subsides.
but because of that also we have significant increase in development of technology so many people are developing technologies left and right and as a result is right now we got many AI, many improvement in microcontroller and so on.
can't really say that an opportunities for many of us that don't have that much capital to start out business though.

Yes, there is no way the economic will be affecting everybody in the country because many people or companies use the inflation period to increase their products to be able to achieve huge amount of income from their activities. I think, some bitcoiners use the opportunity to purchased huge amount of Bitcoin few weeks ago when the price reduced for those that missed the opportunity last year to be among the holders that will achieve huge amount of income when the price increase higher in this period of inflation. Inflation is a something that can be control by the government, if truly they have the mind of the citizens in their hearts because it will not take the government anytime to order the financial institutions in the country to make more money available to be in speculation to delete the inflation to allow deflation to take place.

Generally in an economic downturn the ones with money are the ones that benefit.

Everybody else is pretty much jobless and they will not be investing their money into the sp500 stocks or crypto. Remember when Covid crash happened. Many stocks or crypto suffered maybe -25% losses in a single day. And many people were out buying toilet paper and rice instead of putting large sums of money into the markets.

Only the hedge funds made up ok, everybody else sold their crypto or stocks at a loss out of panic.

Of course, there are, and optimistic people will usually always find opportunities even in difficult circumstances, for example during the pandemic where many businesses closed due to bankruptcy but there are also those that are actually growing rapidly, this is what I see around me which can turn its business into a shop online and getting fantastic sales, indeed the scope is not too big because it is not the result of research and so on, but at least it can prove that difficult circumstances are not always a barrier for us to be able to find opportunities in terms of business and so on.

the different between the rich and the poor is basically the way they look at things at different circumstances. When the economy is bad, most people give excuses and make complains regarding why things are tough while others look out for opportunities in the midst of that.

During the covid, the economy was bad for so many but the ones that were able to make the best use of the period had their turning point during that period.

Economic downtown is just similar to Buying bitcoin during the DIP, the price of bitcoin is down at that time so you don't complain but you're actually accumulating at that period because you that after the way down it's only going up.

Yes, that is the fact instead of looking for opportunities to take advantage of the situation during a crisis, perhaps we will prefer to try to survive by preparing all the basic necessities, food, drink, clothing, medicines, fuel and other supplies that will give us a longer survival time. The crisis that occurred during Covid made us learn a lot. If one day a more chaotic pandemic occurs again the main step is to have as much cash as possible, regardless of whether its value has decreased or not but it can still be used to buy supplies.

However, I do not deny that there are some groups who are taking advantage of the crisis situation to grow their wealth by investing in the health sector, especially medicines which are experiencing price increases. During the pandemic, we know who is truly able to survive and emerge with increased wealth.

I cannot call this a profit. It is true that you bought a bag of salt for $50 and then sold it after inflation for $150. In theory, you gained $100, but in practice you did not gain anything because the value of the currency decreased as a result of inflation, and therefore the value of $50 before inflation is equivalent to $150 After inflation.

It can be said that you have preserved the value of your money by purchasing goods, but in reality there are no significant profits because the value of the currency has decreased. In addition, as a merchant, you have to buy back salt to fill your empty warehouses, and you will be forced to buy it at the same price or a little lower, which means that you practically only gained a little, even though your money has doubled.

I completely agree with that because I have seen and experienced this thing within my country. Retail giants, or even those who are running local shops and stores but have enough money, buy and hoard basic and necessary products that they know will be in demand when there is high inflation, and then they can sell those products at a high price and people will be compelled to buy because there is high demand and less supply, so they don't have much of a choice.

This is usually done on a higher level but people who are involved in this process from higher authorities will barely have their names surfaced and they only use their hired people to do everything and they get most of the money gained in this process while they pay pennies to those who do the whole work.

Yes, during periods of economic downturn new opportunities for innovation and business development arise.  For example, demand for alternative solutions can fuel the growth of new industries.  However, high costs and taxes can be a barrier to local production.

Tax costs for local industries can actually still be reduced as long as the state has sufficient space to do so, as is usually the case when an economic crisis is hitting around the world. It will indeed be difficult to develop anything, although every country will continue to strive to provide its best policies to all parties in order to fight the economic crisis. Apart from that, collaborating with companies that are able to create new innovations and new opportunities is also very much needed when crisis conditions are ongoing.

Yes, especially for those who have a lot of money already. During the downturns people are desperate and they sell valuables just to survive, those who have money are using this in their favor. So you just need to have money in order to make money.

Others who are making huge money during downturns are people who are not so ethical and moral, smugglers of all sorts, criminals... people who are ready to "walk over dead bodies". Many rich people around made their fortunes during some crisis, I guess that say everything.

Nice example:

https://twitter.com/arunpudur/status/1626513132809236480?lang=en (https://twitter.com/arunpudur/status/1626513132809236480?lang=en)

"I am basically there to make money, I can not and do not look at the social consequences of what I do..." George Soros

Having economic downturns is actually a natural phenomenon as not all the time the economic condition is high and progressive. But behind this, there are still advantages of starting a profitable business idea. I think healthcare services might possibly work since most of the individuals most particularly the senior citizens will have a hard time living their lives with the current economic downturn.

And while dollar cost averaging is advisable when there is a recession or economic downturn, the it’s best to purchase some valuable assets or investments that will grow their value when the market progress again. Buy when it’s low and sell when it’s high, as simple as that. But in order to make it more profitable, have a good amount of capital to acquire huge amount of assets. That way, when the market has recovered, there will be  huge promising profits afterwards.

Obviously this happens.
Coming home to a nation like mine, I recall having noted people in my locality taking advantage of the various occurrences that might have come with some adversities to benefit themselves.

On a global scale, the Covid-19 situation reminded us of our hygiene and created a market for hygienic items like hand sanitizers, nose mask and the rest of them.

Lack of cash in my locality pushed for a more cashless policy and a new brand of business like the buying of cash from people that uses point of purchase or sales machine. Where you just get your debit card run on their device, your given your value in cash and you pay a fee for the service.

For those who are able to look, they can see the opportunity there and utilize it. The issue is, don’t use it for an opportunity to exploit the people.

At least they experience a fame or success even just a short period of time, and that is better than not experiencing it at all. It makes them think that the pandemic is not totally bad for them. It's not just that the pandemic have subsided but there are so many business men/women joined the trend and they offer something new. This affects the sales of other businesses.

There are still businesses who continue striving and surviving. They only need to think outside of the box to overcome their competitors. Speaking of competitors, newer technologies like AI is the main competitors of those who work for a company. Pandemic era might be gone, but this is going to be their next problem.

Yes, but I think only investors that invested long way back will benefit most from inflation if they have good plans.
Real estate and Bitcoin investors will benefit in this economic situation even though they will also use their money to purchase other goods and services for their personal needs, theirs will be minimal because when they compare the amount they invested and the amount they are cashing out in this period, there is usually some good gains that can cover the inflated price of goods.
People who believe in holding fiat currencies in their local banks have no hope, the inflation most affect them in different ways, they cannot afford to buy goods that their money can afford buying some years back because of the high inflation rate.

Local production that have no enough sticker row materials will also be affected because the cost will affect all aspect of their production procedures which will affect their outcome especially if they don’t have enough money.

The presence of the government is very important in this situation because it can help provide services to local product owners such as taxes and high production costs. My country is trying to increase community interest in developing local products and the government is present to provide the necessary assistance, so that local products can help the sales process in the market. Without the presence of the government with regulations that benefit local product developers, I am sure that the community will be quite difficult to make products sell well.

Because there are many foreign products that are sold quite cheaply and the purchase process is also quite easy because of the availability of social media that sells these products. The government must ensure that local products have a place in the market in addition to the production process and promotional levels that can be reached by all existing people, thus local products can compete with foreign products.

When inflation or recession occurs, in my opinion it will be difficult to find opportunities or profits when these two things happen, especially if these benefits lead to things that can make money, in my opinion it will definitely be difficult. Because when inflation or recession occurs, people's economic conditions will definitely be in an unstable state. So creating opportunities or profits at times like that will definitely be very difficult. Even when inflation or recession occurs, many people will have difficulty finding money for food costs. Especially for people who have middle to lower economic conditions, it will definitely be very difficult.

Because when inflation or recession hits a country, the economic system in that country will definitely weaken. So logically it is clearly impossible to create opportunities like doing business. Because the money or capital definitely won't be there. Even if you have capital/money, it is better to use it for living expenses. Then, for example, if you successfully start a business during inflation or recession, of course there won't be too many people interested. This is because people's economic conditions are not good due to inflation and recession. So it is certain that purchasing power and selling power are dropping drastically.

So in conclusion, business opportunities are very unlikely when inflation or recession occurs. So in my personal opinion, when inflation or recession comes, the good thing to do is manage expenses very well. Because if this is not the case, it will definitely be very troublesome if, for example, inflation or recession lasts quite a long time. Because if you think about opportunities at a time like that, in my opinion it is very inappropriate.

For those who have a plot of land, and in the midst of food scarcity as well as the price of pengan that continues to rise, the business in agriculture seems to be quite promising. But due to the raging war between Russia and Ukraine that has not ended until now, the business in agriculture seems to be a little difficult because of the scarcity of fertilizers. In addition, today's agriculture cannot be separated from the name of technology, while at this time energy prices continue to rise, so for now related capital for business in agriculture will be slightly greater than the previous time.

I personally have a fairly large plot of land, but for now the availability of fertilizers in my country is still dependent on other countries. And the alternative step, maybe I will try to switch to compost fertilizer and make it myself at home, but this is not an easy thing and takes quite a long time. Moreover, the lack of government support for people who farm, makes me a little pessimistic about starting a business in that field.

Even though there is an economic crisis, of course there are still people who can take advantage of the situation by creating new innovations in the midst of the economic crisis. As you said, in the midst of a pandemic, there are some people who are forced to close their businesses because they don't have income that can keep them running their business. they and there are also some people who can see opportunities in the midst of a pandemic by building their businesses and being able to develop well in the midst of a pandemic.

Just in case you have a skill too,like a high paying skill,people can need your services,the more creative and hardworking you are,the more money you'll make.
 That's another means to keep oneself engaged in times of economical recession.Although,it's really not easy to cope in situations like recession,but the truth be told one needs either a financial backup like a side hustle,and its during these times that people will want to seek more financial advise and coaching from experts.

When the economy gets tough and the problems, too much , that's when innovation is born. The challenges won't disappear immediately, of course not, it'll linger for a while before the economy becomes better, then stable, then run on automatic.

As for the new businesses, and local manufacturing companies, the same thing applies. They are pioneer and solutions to most of the economic problems. Of course they are going to face alot of challenges but ensuring wouldn't make it worth it not just for them but for the country at large.

So, yes, downturns are even where more opportunities lies

When the economy gets tough and the problems, too much , that's when innovation is born. The challenges won't disappear immediately, of course not, it'll linger for a while before the economy becomes better, then stable, then run on automatic.

As for the new businesses, and local manufacturing companies, the same thing applies. They are pioneer and solutions to most of the economic problems. Of course they are going to face alot of challenges but ensuring wouldn't make it worth it not just for them but for the country at large.

So, yes, downturns are even where more opportunities lies

Opportunities remain open for anyone who is willing and able to accept risks. The problem is, many people are reluctant to start because they are afraid of the risk of failure. There are many business ideas that thrive in times of inflation - but not many people are willing to do it because they don't want to lose money while trying.

Of course, there are many challenges that must be overcome by anyone starting a new business - but this business will develop well as long as the manager knows how to develop the business. Anyone who fails to understand risk or is afraid of risk will ultimately have difficulty growing - while others become famous because they are not afraid of failure.

Of course but you need to have cash around in order to take advantage of them, think of the real estate crisis that happened on the US during 2008, at the time those that got a mortgage had to pay a huge amount of money for a house that was going down in value, but those that were smart enough to stay out of it and saved their money could buy the same house for half the price, so if you had the money you could have taken the opportunity to buy the best real estate for a fraction of its actual cost, and opportunities like that abound when there is an economic crisis, but you need to prepare yourself beforehand in order to take advantage of those opportunities.

Tax costs always create obstacles for new business people and at that time the country was under pressure so it would be difficult for us to find a solution so that we could create a good policy for the whole of society, even though at that time we were able to create the latest innovations and to find space, I think it was very It is difficult when the economic crisis is ongoing, when this happens we continue to sell assets that are valuable to us in order to survive.

Not exactly because few people can afford to pay for a house in cash no matter how much they save. Those who were able to take advantage of the 2008 crisis were the billionaires, either by buying cheap houses directly or through investment funds. And in this it makes little difference whether they were people who had a lot of money in the bank or were heavily indebted like Kiyosaki, who despite operating with a large debt took advantage of his debt capacity to buy even more.

I think opportunities always exist during a crisis and when the economy is advancing, and what might happen without opportunities is stagnant conditions. That's why there is always bad news, good news which results in opportunities always being formed from that.

Straight to the answer, there is no potential benefit from that comes from inflation. If you feel because of inflation citizens of the country will start realizing that they have the resources to start leveraging on their natural resources to reduce economic hike and all that then it is a bad idea. The reason is because it will be difficult to run those operations because of the cost of the material for operation. Especially if the production process requires a lot of basic amenities and other little imported resources. There will be no different from the price of imported goods and the local goods. Which it is not supposed to be that way. Literally the local goods were supposed to be cheaper but imagine spending so much on electricity, laborers, secondary resources etc. You as a manufacturer will increase the price of your good, without caring about what others will feel.

Only because you don't know one does not mean there is none.
In inflation you take credits by a good which raises in value and repay the credit when ist worth 50% of the amount taken.

It cannot be denied that in the current era looking for work is difficult due to the general and ongoing decline in economic activity where we are really required to free ourselves by making changes in strategy and this needs to be done and attempted. I see that some people in my area are making efforts to open new businesses which are essentially always needed in everyday life and initially they focus on the short term and when they start to grow and develop they will target the long term.

As the times change so is everything changing about work and a time is coming when people will not even bother about work Again but how to establish there self because they will weigh there options very well starting from the salary that is is not even enough for people as there up keep and the world that is changing is changing with the fact that people's eyes must be opened and starting changing plans against either if they want to still continue the job hunting or look for something else to do with there time.

Since we all have accepted that the world have changed what are we doing towards it in terms of improving our selfs, and this is even a technological era, no job creat one for  your self, and that is why I always encourage people even young graduates to create SmE for them self and that way even the issue of unemployment can be reduced.

In the field of product sales many businesses have to close down because sales continue to decline, so business owners have to cut their employees because they are unable to provide salaries. Likewise, in other sectors and difficult economic processes make things worse and in the end people have to lose their jobs, which affects their lives in financial terms. The service sector is stronger to withstand collapse because this is a service that is quite needed and makes businesses in the midst of bad economic conditions in society have to look at the right opportunities.

All forms of business are basically built on a short-term basis and only after the journey can we determine the direction of development. I have a business in the field of selling clothes and indeed the bad economic conditions have slightly affected sales and I have to try to innovate with the times because if not I will have to lose the business that has been built for a long time.

I've heard that crises give birth to new rich people, and vice versa, give birth to new poor people.
the crisis could be called a transfer of wealth from those who know what to do.
I see people who sell their property during a crisis and buy it back when it's over, like during Covid yesterday, I don't know him that well but we live in the same housing area, I saw him sell his house and car during Covid and buy it back after things got better, is that he already knew that it was an opportunity to get in, he was not that old, maybe 30-40 years old.

I doubt that. Sure they make less, but do not do anything to counteract.
I've seen many businesses go down only to raise under a different name elsewhere.
I've seen businesses destroy themselves. Butcheries selling rotten meat, not caring for customers and therefore losing to those who care.

Sure not all but many complain and do nothing..

How is Elon Musk maintaining twitter with 1/3 of its workforce?  

When a crisis occurs or a downturn occurs, new opportunities will open up, we just have to be clever in looking for these opportunities. Therefore, if we want to survive in any situation, we need to change our fixed mindset to a growth mindset so that our creativity continues to develop even in conditions of economic crisis.

We must be able to learn from previous people, because economic downturns have occurred in the past and of course we don't want to fall into the same hole. The closest example to a pandemic was several years ago, many people experienced financial difficulties, many were laid off, many entrepreneurs also experienced a decline in their business. However, many people who wake up finally have the opportunity to start a business, namely online sales, trading, investment and many more that we can search for on the internet to increase income so they can support their families.

It's part of the service and selling unhealthy products that people lose their business. In the case we are talking about, it is not that small because now the economic impact affecting consumers' purchasing power is not caused by services or products as you describe. Of course, there are businesses that go bankrupt and are rebuilt under another name, or vice versa, the business goes bankrupt and someone else tries to continue.

Complaining will never solve the problem and it is not a businessman if someone complains without looking for a way out. Businesspeople will continue to try to improve their shortcomings and they will continue to struggle until success is achieved.

Comparing Elon Musk to a small business owner is completely irrelevant and you should also know how his financial strength and influence can make a difference. Meanwhile, small business people are just starting out and there are many things that need to be perfected by them, it is not as easy as we imagine and it is irrelevant to compare Elon Musk.

A coin has two sides: one good and one bad. Similarly, during inflation, there are some disadvantages and some advantages. A little intelligence can bring the matter to an advantageous level.
In such a situation I feel that a lot of profit can be made by focusing on cottage industries. Again, if the export business improves, it will benefit a lot and play an important role in domestic socio-economic development. During inflation, many entrepreneurs are created which will boost the economy of the country.

I like this advice, but I only agree with some certain points and not all. You should know that there are limited opportunities during an economic downturn, they call it downturns/meltdowns for reasons and that is because a whole lot is going wrong, which includes the ease of doing business and investor confidence. Fine, the local production idea is good, nevertheless, no country should wait for the economic problems before they produce locally, and during that bad time, it will not even be easy to achieve it as you believed because things will not be booming at that time unless the government can intervene with divers social intervention schemes, which is not all of them that even works.

Besides I see this as a way to tackle some of the issues, but it is unless the country exports more before the situation will subside. Before they can export, you know they would have had enough to go around the nations, so it is not an easy task as you think, and might take years before it would be effectively planned and realised. But I see no reason why taxes should be an issue too, if the domestic production plan is successful, a reasonable government will not kill it with tax, especially during an economic crisis. Even if they tax it because it is successful, tax is not an automatic way to kill a productive business.

Above all, in my understanding, government policies are so key to tackling economic downturns even as local production is also a plus.

Honestly, it is not that crazy neither, usually everything goes down in price and we just need to buy it. Stocks go down? Buy them, Crypto goes down? Buy them, House prices goes down? Get them. So all in all, it is not a confusing system, the prices all crash during a crisis and that means you are free to just invest as much as you can.

Being cash rich during a big economical crisis could lead you to have so much money, and it would be great for you on the long run. You could then just wait for them to get back to what they were, or even higher which would mean you could profit from their recovery easily. It is not going to be that simple for the longest time so you should take that chance right away and not wait.

Exactly, an economic crisis is a great way to make money for those that are prepared, and while it is clear that those that are rich will take the majority of the opportunities available, that does not mean that a person that can save their money during the previous years cannot do the same at a smaller scale, if anything I am waiting patiently for it as the next time a massive crisis appear I think I will be able to not only endure it, as I have done on years prior, but I could also benefit from it with the right moves.

Which is why I think that taxing a new business is immoral. If I am solving a problem and helping the economy during a period of recession the government should encourage me by letting me off the tax hook for a couple of years.

Also, big businesses, I mean those who are bringing in millions every week should be taxed higher.

While opportunities during economic downturns are often limited, some can arise, often through government policies. As individuals, staying adaptable and open to diverse options can be key. This might involve accepting roles that provide financial stability, even if they don't perfectly align with personal aspirations. Alternatively, starting a business in a less volatile industry could be an option for some. Ultimately, the key lies in adjusting your approach, remaining open-minded, and actively seeking out the opportunities that best fit your circumstances.

It is the opposite, during a time of crisis there are many opportunities out there, you just need to know where to look for them, the reason for this is that at the time everyone is strained for cash, so they will sell their valuable possessions in order to raise some of it, however when everyone is doing this at the same time, this causes a collapse on the price of many good assets, which you can later use to your advantage if you were diligent enough to save as much money as you could before the crisis.

of you fail to see opportunities during econic downtime them you're definitely not a good business person.

So many persons Gained financial freedom during the covid because they siezed the opportunity to Thier advantage and today they are grateful for taking such decision
 Economy downtime only worries those that cant think through critical issues of not it could be the turning point you've been expecting it you make the best out of it.

Of course the government must think about solutions to overcome the economic crisis, but as a society we must also look for ways to overcome this situation and don't just wait for a solution from the government and do nothing to find income that can meet the needs we need during the economic crisis.

Those who choose to start a business during the economic crisis must really understand the needs of society and themselves so that they can benefit from the business they build and also be able to run their business well.

Every responsible government will never be happy to see economic crisis in the country continue spreading all over the country than to summon all the government officials to find solution to such Crisis, so that people will not use the economic crisis negatively to enrich themselves illegally, which we have seen many issues like this in some countries that engaged themselves into war before they realized that it will collapse their economics. Not everybody use to experience the economic crisis whenever it happen to any country, but there are some individuals who use the economic crisis to establish their own business during the economic crisis because they have learned so many things in the past economic crisis that happened that made them to learn their lesson.

Name a few governments who feel responsable for the fate of their people, name at least 3.

Trust me some of the best startups are founded during these difficult periods out of need and to cater something which can help them earn money and often people don't realise their own worth aa they are enslaved in 9-6 corporate jobs and only when they are in need especially during layoff they focus on something else which can make them financially dependent and I have seen people getting laid off from my company and then earning a fortune as freelancers or starting their owns cafe and few have become full time trader.

But restrictions on ease of business makes it difficult and forced people to take illegal ways of earning money. Government need to have supportive policy or at least neutral policies instead of brutal unfriendly ones.

During economic downturn, people must become creative inorder to survive, because businesses will be affected and the prices of goods will skyrocket, a lot of desperation will set in just to find means to put food on the table and live in affordable accomodations. Smart people will think outside the box, they'll either get a second job or learn a skill, inorder to earn more money to survive inflation, also they'll learn to get things done by themselves, what they'll ordinarily call a professional to do for them, so they'll save money. Don't also forget that it's a time when crime rate will increase, scammers, petty thieves, armed robbery, kidnapping and the rest, people will live in fear and worry. This is not fiction, citizens of many countries who's economy are not stable are experiencing these things.

When an economic crisis occurs, what we need to instill in ourselves is that we remain optimistic because behind difficulties there must be convenience, that's for sure. Your job is to look for and find where this convenience is located, with a calm and sincere heart you will find this convenience when the economic crisis occurs. Whatever crisis occurs on this earth, there are definitely opportunities that you can take advantage of to earn income.

As you said, many people gained financial freedom during the pandemic, because they were good at looking for opportunities in crisis situations. However, the important thing is that when a crisis occurs, you have to stop consuming life, especially as the pandemic teaches you a lot about how to live frugally. because there I saw that the majority of people were not ready to face the bad economy, increasing unemployment, restrictions on activities and decreasing purchasing power. So the solution when an economic crisis occurs is to stop living in luxury, prepare an emergency fund, look for additional income that can overcome high inflation and many other solutions.

An economic Downturn for people living on salaries is purely catastrophic. 

It depends greatly on the situation you are in to judge a crisis as an opportunity.
In Crisis most people go to minimize spendings. The first spending which goes overboard is Marketing.

That opens opportunities for companies looking for expansion. 
Understanding that makes it possible to further grasp some of the catastrophical decision making from governments. 

As the saying goes, necessity is the mother of invention. The point is that when you have a need for something, you engage in various activities to fulfill that need. Likewise, economic recession is something that you and I all put in a lot of work to get out of when it comes. Efforts that we might not have made had it not been for the economic downturn, so the work we start during the economic downturn and continue after the downturn. So I think even during economic recession we have opportunities or we can create opportunities. Maybe it will not be pleasant to create opportunities in a recession but still, we will create opportunities.

We just need to take a look at what happened during the pandemic to know this is true, at the time many people suffered because they lost their jobs or their business was forced to remain closed, but even when facing such difficult circumstances people found a way to not only survive but to thrive, so while it ca be difficult to adapt at the early stages of an economic crisis, given enough time people will do it, and with enough ingenuity they could do even better than before the crisis appeared.

That absolutely right. Economic downturn brings both disadvantages and advantages. We just try to find out those advantages and cut down the disadvantages. In an economic downturn, some businesses can make their thrive smoothly like the sweets industry, maintenance services, grocery stores, etc. Economic downturn also helps to balance everyday costs and also helps to change our mindset. That is why we must try to take good sides of the economic downturn.

even though finding opportunities during an economic downturn is quite difficult, if someone finds a business opportunity during these difficulties, it will be able to provide him with a decent profit. i remember that there is someone in my area who is currently successfully selling porang rice because in my country there is a fairly massive harvest failure. he was able to read about this business opportunity because he saw many frequent crop failures in my country which led to an increase in the price of rice in the community. now he is able to build his business into a big business and that makes him a new rich man. so if someone wants to be successful in conditions of economic decline, then he must be able to read opportunities, adapt, and be able to provide real solutions to society.

When difficult situations occur, people in rural areas will be less calm than city people. Those who have the spirit to work persistently will use the fields to grow crops to sustain life. For village people, the crisis that is hitting the world is not so obvious and will not make them panic. Meanwhile, for people who live in urban areas, the difficulties are felt because they don't have land. to grow crops and everything they have to buy even at very high prices.

I don't think their is any good opportunity when the economy is bad. When the economy is bad it affect every thing that it s difficult for business to do well. Companies struggles to pay workers , even government struggles to pay workers. Production companies buys raw materials very expensive  which after production their is no good gains from what has been produced.  You can only get good opportunity when the economy is good.

If that is what is meant in relation to food then not all countries have land to grow basic necessities so inevitably these countries are forced to buy export goods from outside. When inflation or recession occurs, the basic needs sector has the greatest impact because this concerns needs that must be met and if a particular country does not have sufficient agricultural land then they will definitely have to buy export goods from outside. This impact is said to affect society because when talking about inflation and recession, there are many sectors that are experiencing problems.

Opportunities remain whether done independently or from the government because they are the ones in power who can reduce the impact of the risk of inflation and recession as a whole. The government must have a strategy to overcome this problem and usually every government has taken into account the basic needs that must be prepared in the market and in old storage places so that people do not feel the impact of this incident.

That's partially correct as the people in rural areas have a source to grow their own food and atleast they cannot be starved to death even in the worst case situation but there are different set of challenges which people at rural area faces like no proper healthcare or round the clock services like ambulance or even disaster management and as basic as proper mobile or internet network, the rural life is much peaceful compared urban life but things gets worse in rural area in terms of emergency situations due to lack of connectivity or services.

Inflation. That word can make your wallet cry and your grocery bill scream. Imagine trying to buy your usual ramen and it suddenly costs the same as a fancy steak! That's inflation in action, slowly draining your paycheck's buying power.  But hold on, it's not all doom and gloom. Think of inflation like a weird party guest.  For some people, it's a blast. Businesses that can raise prices with the inflation flow see their profits balloon. Investors can score big if they buy stocks in companies that are riding the inflation wave.

Even borrowers can catch a break.  As everything gets more expensive, the money they borrowed earlier becomes a bit less valuable. It's like paying back a loan with slightly deflated balloons – easier to squeeze, right? Now, recessions might seem tempting to some investors – buying things on sale, woohoo! But a recessionary party is a total drag.  Jobs disappear, businesses shut down, and everyone's feeling the pinch. Nobody wants that kind of guest at the economic gathering.

There's some truth to the idea that some people profit during recessions.  Hoarders with stockpiles of foreign currency or agricultural products can flip them for a hefty profit as prices rise due to scarcity.  Real estate investors can snag properties at fire-sale prices from desperate sellers.

This kind of strategy is risky.  Timing the market is notoriously difficult, and you could end up stuck with a basement full of expired beans if you miscalculate.  Plus, let's be honest, hoarding contributes to shortages, making things worse for everyone else.

Some businesses, like grocery stores and pharmacies, might seem like recession-proof havens.  People gotta eat and get medicine, right?  Well, yes, but there's a twist.  During recessions, people become more budget-conscious.  They might switch to cheaper brands, buy less, or even delay non-essential purchases.  So, while these businesses might see some stability, explosive growth is unlikely.

Those in rural areas who are smart enough to utilise this opportunity to their favour will gain alot. Due to the high cost of commodities, especially food, people will begin to look inwards for locally produced foods. This is the best business that can strife during recession because people cannot do without food and the producers of these foods will make more profits if their prices are relatively fair because there would be more demands for their products. The problem with most people is that they are not smart enough to identify opportunities, they'd rather complain over the hardship than look for a solution. While opportunities are wasting in the villages, many will still choose to move to big over-congested cities to suffer the more. The period of economic downturn is the time to look both within and outside for good solutions.

It is said that in every circumstances there is always a solution for it, which is really true for this kind of thing, right? And this solution is our opportunity to be productive to alleviate the problem we are currently facing.

And it's not easy to be honest, but even so, that's fine with us because we're aware of that. Even if we say that our country is going through a crisis, we can still do it in a way if we are strategic or resourceful as individuals, right?

Recession & economic downturns lead to market corrections which can help stimulate innovation. They can create opportunities for investors to buy assets at lower prices. Economic downturns can force businesses to become more efficient & adapt to changing market conditions leading to long term growth & resilience. These potential benefits may vary depending on the specific circumstances and management of the economic situation.

The reason why i would say yes is that there would be opportunities is because citizens will be motivated to start working on themselves without relying for any agencies or looking for work. They become self employed by starting their own businesses, growing companies from scratch. All these will bring opportunities for others who are willing to work and get minimal pay, maybe for a start or in the long run. For startups, individuals will be willing to collaborate making them founders of the company. Although it wont be easy but with time they will reach their goal.

Try to stay calm, because we are not the only ones experiencing these difficulties, almost everyone is experiencing difficulties due to the current economic crisis. By trying to stay calm and being able to learn from previous experiences, this can help us recognize opportunities in every existing situation. In this situation, we are faced with uncertainty and other unexpected things, but don't let this uncertainty destroy our determination and efforts to continue looking for and creating opportunities. Observe everything that happens in the environment around us and remain focused on the goals and efforts we are making, even though there are several things that happen outside of our control. because we will only be able to recognize this opportunity, when we are able to see the situation as a source of learning and self-improvement. Never surrender to a situation, but keep trying and moving forward to improve the situation.

As much as I want to agree panicking on hard times won't do any good and that's for real. Being calm and trying to figure out on how you're going to survive these hard times will help you out to have ideas on how you should deal with it. It's true that almost everyone from middle class down to the poor level are the ones that are having hardship on this time.

You will also have to contemplate on what type of strategies and methods you're going to apply so that you can see the opportunities while the economy isn't doing well. There are calm people that able to figure out what can help them when they're observant and not panicking because by remaining calm, they're able to clear their minds and think properly.

In conditions of recession or inflation, everyone must have a way to deal with it, panic because the financial resources we have are unstable so that it can affect our daily needs. The strategic steps we have to take are just to try to live more frugally and we have to do our best to create opportunities to make money, small and big problems are not important problems that are stable.

Look at opportunities to create income and usually in conditions of recession or inflation the basic needs sector is the most problematic because whether you like it or not, these needs become the most important. So if we can create opportunities in this sector then making money will definitely be a little easier because we know the quite urgent needs that must be met by humans.

Just being calm is not enough if we belong to the lower middle class, because we fight against time every day so we don't have reserves or long-term plans that must be prepared as early as possible when a crisis comes. For those who are financially stable, don't worry, there is a solution by using storage or assets, but if this condition affects the lower middle class then it can only last in the short term. Therefore, there are several alternatives that can be taken, but using traditional methods by utilizing the surrounding natural resources, farming, even the smallest land is used as a means of growing vegetables and fruit and most importantly does not depend on modern sources of needs. Responding to the economic crisis is by taking advantage of the opportunities around us. If rich people can easily buy food sources for the long term, at least those of us from the lower middle class can be more independent in surviving by utilizing what nature has provided.

That's the bottom line. Success is not for those who give up when there are hurdles in the way, people who are determined and focused on their goals and targets, barely know about surrendering and they will keep moving forward despite all the hardships, difficulties, and hurdles in their way of success.

Achieving something isn't an easy task, you can't just do something casually and then become successful in it, it requires loads of hard work and a hell of a lot of focus and dedication and then you stand a chance to achieve your goals in your desired field of interest or in the business or investment that you are into.

So, one needs to remember, never surrender no matter what the situation is.

Yes we indeed have to pick the positives in any situation and remove the negatives from our lives to move ahead with better development in the coming days. A favorable business environment during an economic recession is created by reducing the rush of competition and very simple and perfect environment to do business but they have to be considered very carefully. And if we can adapt in life we can do much better during economic downturns.

As they say there is always an opportunity in time of danger. You just have to look for it. Let’s use inflation as an example. There are a few ways you could turn this situation into your advantage such as when you own commodities. Products or good that are considered as necessities usually are still always in demand even during bad times.

Fortunately, products like oil, gas, and rice are the ones to increase in price during an inflation. Of course it’s not that good overall because even the sellers and manufacturers are going to have to pay for more for a little profit. But at least you’re not gonna be completely lost.

I think this scenero is only successful possible when the individual is aware that inflations will strike the economy is a close time and then gets prepared against it by purchasing an accumulating in sic a  cheap rate hopping to resell on a higher rate finally when the inflation comes.
I can agree that there are people who intentionally stocks against an inflation While there are also people who're lucky enough to stock at unaware that inflations will come. Those are benefitials during when this inflations finally comes and can make appreciatable profits and standing at the advantageous side of the season.
More to say, inflation brings amount business and lucrative initiatives to the entrepreneurs.

But the problem here is these so called manufacturers and sellers they do increase the price during inflation or any crisis but at the same time once the crisis gets over or when the inflation is under control they don't bother revising the price and it's the common man who suffers with inflated price forever. It's not a fair thing as the opportunities during economic downturn are only used as an opportunity to milk more from working class people.

That is not a problem, once something becomes too expensive people look for alternatives.
The rural areas have a clear advantage here.
i.e. The countries where Fiber-optic is slow to develop find themselves exposed to 5G.
5G speeds, plus being wireless, is a clear winner.  

It is during the times of lack and scarcity that you see the best in individuals coming ideas that changes the world has always comes in the times of necessity
So there are always opportunities out there waiting for who will conceive it and bring it out
Infact when ever there's economic downturn know that new business are about to be born

Many seller increase the prices of materials during inflation or hard situations in a country due to which poor people often suffer alot. I think as a country lover everyone should help others during inflation because as a human everyone has to cope up with similar situations.

But the main thing during inflation and hard situations is that the resources become limited so some people are not allowed to import these materials from outside of the country therefore they increase the prices. Sometimes roads are not open for transportation so in such cases sellers increase the price otherwise they have no other option to make their salaries.

In life, someone is rich because someone is poor. During an economic downturn, someone becomes poor and someone else becomes rich, so there are definitely opportunities during economic downturns. For example, during economic downturns, some previously expensive things become cheap because people prioritize food and basic needs over luxury things.
Different types of businesses succeed during economic downturns. For example, during an economic downturn, everyone tries to do and offer many kinds of different jobs or side gigs. It's a good idea to create a website in your city or in your country that will connect people to post their problems and find one that will solve them. During an economic downturn it becomes easy to rent commercial parts, such a situation can be a good idea to buy them at a discount.
Btw you need lucky anyway, you have to be in the right moment at the right time, doesn't matter whether there is an economic downturn or not, luck decides the fate.

It all boils down to how people stay positive and manage their financial aspects despite of the difficult situation we are in right now. If there are opportunities during economic surging, I think there could still be opportunities when we are facing a downturn economy. It’s only left for us how we will be able to use that as an advantage instead of complaining why the world’s economy is like this or like that, and yet we are doing nothing to overcome the current situation.

Building upon what a lot of people must have said here , there are lots of opportunities that lays around inflations, recession etc. perhaps there is recession in any country or environment with the high rate of goods that will be applied people will begin to seek for alternatives to replace goods which they may not be able to afford any more hence an opportunity is being created.

There is always an opportunity everywhere but it takes an entrepreneur to discover them and take action, using an example from my experience. Some time ago things became difficult in an area because of an issue a community had with another hence trade between this two important communities seized and that lead people to begin to find other means to survive and an entrepreneur saw this opportunity and decided to provide fish for the two communities since there are no more importations of such goods and with this little opportunity which happened for just a few months the entrepreneur got a huge profit from it.

It's applicable to everywhere whether there is recession or not opportunities are there to be discovered.

Necessity is really the mother of innovation.Many people are interested in the production of essential crops nationwide for higher tariffs.It is very good for a country.If everyone takes the initiative, it is possible to do something good.Everything is difficult in the beginning.But if you dare in the beginning, you can certainly do something innovative.