Why Small Luxuries Thrive During Recessions (The Lipstick Effect)
Автор: FinNews
Загружено: 2025-01-05
Просмотров: 3128293
Описание:
In this video, we dive into the concept of the "lipstick effect" and how small indulgences, like premium lipstick and coffee, continue to see demand during economic downturns. Discover how the lipstick effect reflects consumer behavior and why businesses selling affordable luxuries can remain resilient in tough times. Plus, learn about the economic theories behind this phenomenon and how it can impact both businesses and investors. Don't forget to like, subscribe, and stay tuned for more insightful content on economics and consumer trends!
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