black friday

What is Black Friday and What are the Economics Behind the Black Friday Sale?

Imagine a day when shopping deals flood the internet and stores alike, marking a significant spike in sales. This is Black Friday, a phenomenon that, although rooted in the United States, has a growing impact globally. In the U.S., Black Friday, which falls on the Friday following Thanksgiving, traditionally marks the start of the Christmas … [Read more…]

The Reasons Behind Small Business Saturday Is A Popular Day For Holiday Shopping

The less-celebrated Small Business Saturday aims to maintain its record of success for the nearly 32 million small enterprises riding a wave of excited consumer spending and robust investment from the government, while major retailers like Amazon and Walmart expect substantial revenue from Black Friday. A recent American Express survey of small business owners indicates … [Read more…]