Definition of Recession Proof Industry
What is a recession proof industry? What is the definition of the term recession proof industry?
A recession proof industry is an industry that is minimally impacted by an economic downturn. In fact, some industries (dollar stores, payday loans) even flourish when the economy stumbles into a recession.
An example of a major industry that is able to withstand recessions better than others? Insurance.

Insurance is one of those necessities that most people will not live without, which makes the insurance industry largely recession proof.
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