The Economic Impact of Black Friday: A Critical Review

The Economic Impact of Black Friday: A Critical Review

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The Economic Impact of Black Friday: A Critical Review

Black Friday is the day after Thanksgiving in the United States, and is traditionally considered the start of the holiday shopping season. It is a major shopping day in the US, with retailers offering significant discounts on a wide range of products. In recent years, the concept of Black Friday has spread to other countries, and it is now a global phenomenon.

The economic impact of Black Friday is significant, both for retailers and consumers. For retailers, Black Friday is an opportunity to increase sales and boost revenue. It is a key period for retailers to clear out old inventory and make room for new products, and it is also a time when retailers can attract new customers.

For consumers, Black Friday is an opportunity to purchase goods at a discounted price. It is a time when consumers can take advantage of the discounts offered by retailers and purchase items that they may not have been able to afford at full price.

However, it is also important to consider the negative impacts of Black Friday. The intense competition among retailers to offer the best deals can lead to overproduction and overconsumption, which can have negative environmental consequences. Additionally, the pressure to offer steep discounts can lead to poor working conditions and low wages for retail employees.

Another aspect to consider is the shift towards online shopping. With the increased popularity of online shopping, retailers have started to offer Black Friday deals earlier and earlier. This has led to a blurring of the traditional Black Friday shopping experience, as well as concerns about the impact of e-commerce on brick-and-mortar stores.

In conclusion, Black Friday has a significant economic impact on both retailers and consumers. It is an opportunity for retailers to increase sales and boost revenue, and for consumers to purchase goods at a discounted price. However, it is important to consider the negative impacts of Black Friday, such as overproduction and overconsumption, poor working conditions, and the impact of e-commerce on brick-and-mortar stores. It’s also worth noting that, with the advent of e-commerce and online sales, it has become a week-long or even month-long event, and therefore the economic impact has become more complex and multifaceted.

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Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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