When the economy is bad, which industries are most likely to close down?

When the economy is bad, many industries will be affected, but some industries are more likely to close down than others. The following are my views on which industries are most likely to close down when the economy is bad:

When the retail economy is bad, people's spending power will decline, leading to a decline in retail sales. In addition, the popularity of online shopping also makes the traditional retail industry face greater competitive pressure. Therefore, when the economy is bad, the retail industry may face the risk of bankruptcy.

When the economy of the catering industry is not good, people will go out to eat less, which will lead to a decline in the sales of the catering industry. In addition, the cost of the catering industry is also very high, including rent, labor, raw materials and so on. These rising costs will also make the operation of the catering industry more difficult.

When the tourism economy is not good, people will reduce tourism expenditure, resulting in a decline in tourism sales. In addition, the operating cost of tourism is also high, including hotels, restaurants, transportation and so on. These rising costs will also make the operation of tourism more difficult.

When the entertainment industry is in a bad economy, people will reduce their entertainment expenses, which will lead to a decline in the sales of the entertainment industry. In addition, the operating cost of the entertainment circle is also very high, including venue rent, labor and equipment. These rising costs will also make the operation of the entertainment industry more difficult.

The traditional media industry is also prone to collapse when the economy is bad. With the popularity of the Internet, people tend to get free news and entertainment information, which leads to the decline in sales of traditional media industry. In addition, the traditional media industry has high operating costs, including printing, distribution, labor and so on. These rising costs will also make the operation of the traditional media industry more difficult.

In short, when the economy is bad, those industries facing high costs and low sales are more likely to close down. Therefore, enterprises in these industries need to take measures, including reducing costs, improving efficiency, innovating business models and so on, to cope with the downward pressure of the economy!