Discussion Post
We identified two broad groups of economic factors; households and firms. In our study of demand, we looked at households as consumer units affecting demand for goods and services in the product market. On the supply side of the product market are the economic (or business) firms that are the producers (and sellers) of goods and services.
When economic times get tough, some businesses experience downturns that lead to the loss of jobs or going out of business. However, there are some businesses that survive and often thrive as a result of economic struggles.
Drawing on what you have learned so far, what type of products or business would survive in a recession? Discuss individual behavior theory in support of your choice.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.