1. How The Economy Has Affected Holiday Spending
... one`s job will be a very real threat to more and more of us. To help encourage spending and inject life back into the economy, the retail industry recently asked the government for tax holiday periods, periods during which shoppers could buy items tax-free. The thinking behind this was that if more good were being purchased, prices could come down, and therefore more goods would be ... purchases once the taxes were applied again. However, the problem with this system is that consumers, hungry to go shopping again, could easily run up a considerable amount of debt, having the opposite ef...
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