http://www.psfk.com/2009/07/recession-proof-spending.html Ideas & Trends Mon, 23 Nov 2009 15:51:03 -0800 http://wordpress.org/?v=2.8.4 hourly 1 http://www.psfk.com/2009/07/recession-proof-spending.html/comment-page-1#comment-259605 Paul Davey Mon, 06 Jul 2009 17:48:04 +0000 http://www.psfk.com/?p=37229#comment-259605 In any recession consumers will cut costs and seek out relief from the financial gloom. The main difference between this and previous recessions is the technological developments that enable people to create such diversions. Films provide the classic example of escapist entertainment and the full cinema experience can be imitated at home using HD quality projectors. Associated costs for renting and buying films have dropped, and services such as LoveFilm offer convenient access to entertainment. These industries will continue to thrive and the most successful businesses will be those that see the economic downturn as an opportunity to develop. In any recession consumers will cut costs and seek out relief from the financial gloom. The main difference between this and previous recessions is the technological developments that enable people to create such diversions. Films provide the classic example of escapist entertainment and the full cinema experience can be imitated at home using HD quality projectors. Associated costs for renting and buying films have dropped, and services such as LoveFilm offer convenient access to entertainment. These industries will continue to thrive and the most successful businesses will be those that see the economic downturn as an opportunity to develop.

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