Topic: Gdp

1 chapters across the catalog

70: Four Freedoms
2:04:42 - 2:09:11

70: Four Freedoms

The Economic Importance of Black Friday and Retail Survival

Black Friday is the day retail businesses traditionally move from "the red" (loss) to "the black" (profit). A boycott or lack of inventory during this period could result in over half a trillion dollars in unspent money, devastating the toy industry which sees 50% of its sales during the holidays. The hosts argue that if businesses fail to meet their goals this year, it will lead to massive layoffs and a downward economic spiral in 2022.