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sah00441515 sah00441515
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6 years ago
Is the casino industry sensitive or impervious to the business cycle? Discuss.
 
  What will be an ideal response?
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wrote...
6 years ago
Because casinos primarily attract a leisure clientele, the industry is highly sensitive to the business cycle. Leisure activities, like other non-necessities, are a postponable consumption activity. Only gambling addicts would not be deterred by adverse economic conditions.
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