Recession: The Mother of Innovation?
Necessity may be the mother of invention. But could a recession be the mother of innovation? After all, many of the world's enduring, multibillion-dollar corporations, from Disney (DIS) to Microsoft (MSFT), were founded during economic downturns. Generally speaking, operating costs tend to be cheaper in a recession. Talent is easier to find because of widespread layoffs. And competition is usually less fierce because, frankly, many players are taken out of the game.
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