Question

Does holiday shopping boost the economy? And why?

Answer 1

Yes it does.

The holiday period can be from November to January, where there are tons of consumers shopping to buy gifts. Robust shopping by the American consumer is now the primary engine powering economic performance.

Consumer spending drives a significantly large part of U.S. GDP. This makes it one of the biggest determinants of economic health.

There are academics who uphold the argument for more public holidays to boost growth - this makes sense since leisure spending is a significant part of consumption.

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Answer 2

Step-by-step explanation:

Christmas is typically the largest economic stimulus for many nations around the world as sales increase dramatically in almost all retail areas. ... These holiday sales reflected about 19.2 percent of the retail industries total sales that year. Supply and demand is quite prevelant during the holiday season. Merchants know that shoppers will often put off shopping until time becomes an issue and demand more for goods that are shown to be “hot” or in short supply. In some cases manufacturers will create demand by under producing items.