The Day Of The Holiday Shopping Season Essay - 884 Words

Thanksgiving day marks the beginning of the holiday shopping season. Americans are more inclined to take out their credit cards – ‘tis the season to be jolly and shop. One would think that consumers holiday shopping greatly affects gross domestic product (GDP). After all, personal consumption expenditure is roughly 70% of U.S. GDP. GDP growth in the last quarters however, have not consistently exceeded the other three quarters of the year looking at data after the 2007-2009 Great Recession. Nevertheless, retail sales - a leading indicator – provide clues on the economy’s overall consumption activity. An uptick in retails sales is expected in December each year. Based on historical data, monthly retail sales – that is retail trade and food services excluding autos, show a definitive pattern: December retail sales are higher than other months of the year. Data going back the last 23 years show double-digit retail sales growth in each December. In December last year, monthly retail sales increased 17.9% from November – a $64.7 billion increase. In 2014 the increase in retail sales from November to December was $55.8 billion. American’s shopping spree affects credit union operations. Unlike auto and mortgage lending which is roughly 80% of credit union loan portfolio combined, last year credit card loans was 6.2% of loan portfolio. In the last five years, credit card loans stayed above 6.0% (but under 7.0%) of credit unions loan portfolio – with a high of 6.6% in 2012. ItShow MoreRelatedEssay on Consumerism526 Words   |  3 Pages If you want to know if all of our holidays have been turned into consumer driven shopping orgies, the answer lies in the major department stores. Take a walk through Macys or Lord or Taylor or any major store in Oct. and notice the Christmas decorations. Thats right, Christmas decorations. `Tis the season to break the bank. Our capitalistic society is always looking for a reason for driving consumerism and what better reason than a holiday! If theres a month without one, well make one upRead MoreBlack Friday Essay837 Words   |  4 PagesThanksgiving Day in the United States, traditionally the beginning of the Christmas shopping season. Black Friday is not an official holiday, but many workers have the day off as part of the Thanksgiving holiday, this increases the number of potential shoppers. Retailers often decorate for the Christmas and holiday season weeks beforehand. Many retailers open extremely early, with most of the retailers typically opening at 5 A.M. or even earlier. Retailers use Black Friday to kick off the holiday seasonRead MoreThe Gift Of Analytics : Ramp Up For The Holidays By Focusing On Customer Analytics Essay1231 Words   |  5 PagesThe gift of analytics. Ramp up for the holidays by focusing on customer analytics. With the help of data, your team can target buyers, plan seasonal promotions, and manage your inventory levels. Research shows that â€Å"49% of companies who champion the use of customer analytics are likely to have profit well above their competitors.† It’s one of the best ways to differentiate your business in the market. â€Å"Customer analytics enables organizations and enterprises to make data-driven business decisionsRead MoreU.s. Intelligence Community ( Ic )1266 Words   |  6 Pageswithin the U.S., to be perpetrated within the next 30 days in the month of December. This plan involves the use of twenty (20) suicide bombers, also equipped with automatic weapons, targeting the ten (10) largest shopping malls in the country during the holiday shopping season. The terrorists are believed to already have the weapons and explosives necessary and are also believed to have been living in the U.S. for at least one year. Around the holidays the opportunities for attacks from terrorist is prominentRead More Holiday Shopping Essay967 Words   |  4 PagesHoliday Shopping As I skim through the Chadwick’s mail-order catalog, I come across a woman, who looks as if she is in her mid-thirties, standing outside on the snow-covered ground. Her gloved hand is arched back in a ready-to-throw position with a snowball resting in her palm. The woman is wearing a  ¾ length gray wool coat and black leather gloves, which catches my eye. The serene, white-topped leaves of the pine trees lean in different directions, waiting for spring to arrive. â€Å"Winter isRead MoreExamples Of Consumer Spending Throughout The Seasons1236 Words   |  5 PagesConsumer Spending Throughout the Seasons. We are heading towards the season of spending, black Friday is just around the corner, with that exactly 31 days after we have Christmas. Consumer spending should be at an all-time high right, with month long sales and new deals everyday as coined with the popular shopping destinations. Now we all agree that there are four seasons throughout the year, we have the spring equinox, summer solstice, fall equinox, winter solstice. In most firms, they also haveRead MoreBlack Friday History718 Words   |  3 Pages  Ã‚  Black  Friday  is  the  day  after  Thanksgiving  in  the  United  States,  where  it  is  the  beginning  of   the  traditional  Christmas  shopping  season.  Since  Thanksgiving  falls  on  the  fourth  Thursday  in   November  in  the  United  States,  Black  Friday  may  be  as  early  as  the  23rd  and  as  late  as  the   29th  of  November.  More  recently,  there  is  new  understanding  that  the  term  originates  from  the   theory  that  retailers  traditionally  operated  at  a  financial  loss  for  most  of  the  year  (January   through  November)  and  made  their  profit  during  the  holiday  seasonRead MoreEarly Openning on Thanksgiving1451 Words   |  6 PagesThanksgiving Day, which is always the fourth Thursday in November in the United States, is a week from today (today is Nov. 15, 2012; Thanksgiving Day is Nov. 22 this year). The day after Thanksgiving Day is called â€Å"Black Friday† in the business world. â€Å"Black Friday† is the unofficial beginning of the Christmas and Hanukkah shopping season. The word â€Å"black† in â€Å"Black Friday† is an accounting term meaning â€Å"profit.† Businesses that have been operating â€Å"in the red† prior to Thanksgiving Day will hopefullyRead MoreA Commercialized Christmas Essay1079 Words   |  5 PagesStates in this day and age, people are most likely all too accustomed with this typical rush promoted between important festivities. It’s exclusively about generating maximum revenue for the large corporations as frantic shoppers attempt to assuage their stress through hour upon hour of incessant shopping; arising in our society today, an important question of whether or not this avaricious behavior communicates total loss of understanding as to what the true meaning of the season represents. InRead MoreThe Christmas Of The German Christmas Essay1301 Words   |  6 PagesMatt Robidoux Dr. DeMisty Bellinger-Delfeld Writing 1 11/2/16 A couple of years ago my sister was involved in the student exchange program, and we had a student from Germany. She styed with us during the holiday season. She explained to us how the Christmas was celebrated differently in the two countries. Here are some of the things I learned   There is a huge difference of how Christmas is celebrated in America and how it is celebrated in Germany. Many Christmas traditions that we have in America

The Wealth Of Nations By Adam Smith Essay - 1772 Words

In the Wealth of Nations, Adam Smith talks about international trade and subsequent government policies which became increasingly significant throughout modern history. Protectionism is the term for economic policies of restraining trade between countries when they want to protect their domestic industries from foreign competition. Trades nowadays have different forms and methods and involve more businessmen as well as consumers, which is why trade diplomats are looking to regional agreements. The US experienced two major economic declines during the 20th century, both of which had much to do with international trade. Smith mentioned tariffs in the 18th century, but the role and forms of protectionism have changed across time, so we should know whether the development of economy should actually be correlated with or decided by the political sector of the society and when protectionism will benefit or hurt economy. Main protectionist policies include tariffs, quotas, embargos and voluntary export restraints, and Adam Smith’s idea of absolute advantage has been developed further to explain international trade. In recent years, protectionism has become closely related to globalization during which the influences of trades spread almost everywhere, so people insist upon the study of social deformities generated by improper policies on international trade and the task of pointing them out with a view to remedy. There are certainly both economic and political purposes of tradeShow MoreRelatedThe Wealth Of Nations By Adam Smith1659 Words   |  7 PagesAdam Smith, the author of â€Å"The Wealth of Nations†, was a Scottish moral philosopher during the Industrial Revolution who was inspired by his surroundings to write about the field of economics. Being a man of intellect on various types of philosophical views, Smith was able to portray his passionate feelings about political thought t hrough his well-written works. While publishing his book, Smith became known as the â€Å"father of modern economics†. He was given this honorary title due to his strong determinationRead MoreWealth Of Nations By Adam Smith1574 Words   |  7 PagesIn his book, Wealth of Nations, Adam Smith makes arguments to support free-trade. These arguments range from having to do with war, all the way to the structure of social classes. In order to assess the morality of these arguments, David Hume’s definition of morality and Kant’s definition of morality can be used. These definitions, ultimately, serve as context for Smith’s arguments, so that there is a clearer idea of whether they are moral or not. From this, modern readers of Smith’s book can betterRead MoreThe Wealth Of Nations By Adam Smith1774 Words   |  8 PagesAdam Smith’s masterpiece writing, The Wealth of Nations, attempts to create a different understanding of the economy from his age. The focus mainly remains on mercantilism the most prevalent economic system for Western Society at this time. Smith’s simple and in-depth explanations of even the most basic economic concepts allow for someone with little to no prior knowledge of economics to easily grasp his meaning, and coupling these explanations with real life examples provides even more teachingRead MoreThe Wealth Of Nations By Adam Smith1384 Words   |  6 PagesSome books, such as the Bible, have influenced Christians. Common Sense by Thomas Paine encouraged Americans to join the fight against the British. Other books, however, do more than simply encourage; they introduce a new philosophy. The Wealth of Nations by Adam Smith is claimed to aid the philosophy of what would one day become modern economics. One author wrote two books that would change the course of history. These books would lay foundations to communism and influence leaders like Lenin and Tse-TungRead MoreThe Wealth Of Nations By Adam Smith1521 Words   |  7 PagesIn Adam Smith’s famous work, The Wealth of Nations, he references the idea of the â€Å"invisible hand† and its influence on the individual. An excerpt from Smith’s renown book reads, â€Å"[E]very individual necessarily labours to render the annual revenue of society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it . . . he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promoteRead MoreWealth Of Nations By Adam Smith Summary818 Words   |  4 Pagespolitical economist even though he began studying economics after reading â€Å"The Wealth of Nations† by Adam Smith. Ricardo is most known for his theory of rent and his theory of comparative advantage. Some of his ideas are still relevant today including his comparative advantage theory. Finally, Ricardo was the first political economist to focus on distribution rather than production. 3. After beginning this paper with Adam Smith, it seemed fitting to end it will him as well, since he is one of the mostRead MoreAdam Smith s The Wealth Of Nations916 Words   |  4 PagesAdam Smith’s ‘The Wealth of Nations’ in 1776 is usually considered to mark the beginning of classical economics (Smith, 1776). He was the first to articulate that international trade was not a zero-sum game and it was counterproductive to have a single-minded reliance on exports. He proposed the theory that a country should specialize in manufacturing goods that it can make with the fewest resources, therefore giving it an advantage in the production of that good. This allows for global out to beRead MoreAdam Smith s The Wealth Of Nations Essay1194 Words   |  5 PagesAdam Smith’s The Wealth of Nations (Hofstadter, v. 2 pp. 43-46) and Tom Paine’s Common Sense (Hofstadter, v. 2 pp. 53-62) were both published in 1776. However, that is not there only similarities. They both talk about the mother country’s ability to rule its colonies. They also talk about what they believe should and could lead to the political separation of the mother country and its colonies. Adam Smith’s The Wealth of Nations looked to the fact that it is impractical to control the benefits ofRead MoreAdam Smith s Wealth Of Nations1057 Words   |  5 PagesThuy Hua PHIL 225 First Exegetical/Critical Paper Professor Michael Schleeter October 5, 2015 Adam Smith’s Wealth of Nations For Smith, the value of all commodities that the market is supposed to promote is not come from the money price, but come from the amount of labor required to purchase them because nobody wants to purchase a good that is created with less effort. Therefore, the real value that the market needs to promote is the labor that is invested in the product. For example, in real lifeRead MoreSummary Of The Wealth Of Nations By Adam Smith805 Words   |  4 Pagesthe passage given, Adam Smith examines the different methods that can increase the production of land and labour. He discusses that production can be raised by using the methods of, division of labour and capital accumulation. Smith also provides evidence throughout The Wealth of Nations, proving that his method of labour division is the best way to develop the economy. The key behind Smith’s writing is to prove how division of labour will improve economic progress. Initially, Smith proposes the idea

Mrs. Kr Free Essays

How long are the Florida Keys? Ans:106 Miles 2. Name the ten keys highlighted at this site. Ans:Key Largo, Islamorada, Long Key, Key West, Marathon, Big Pine, Tavernier, Grassy Key, Bahia Honda, Little Torch Key 3. We will write a custom essay sample on Mrs. Kr or any similar topic only for you Order Now Which key is known as the diving capital of the world? Ans:Key Largo is known as the driving capital of the world 4. Briefly describe the John Pennekamp Coral Reef State Park in Key Largo. Ans: John Pennekamp Coral Reef State Park is a spectacular underwater park. There is a nature trail inside the park. In the parks visitors center you are introduced to the underwater beauty of sea life 5. Describe parasailing. Explain what determines how high a rider can go. In one sentence, explain if and why you would like to try it. Ans:Parasailing involves the use of a parachute and a boat. The elevation of the rider is controlled by the speed of the boat and the amount of cable. I wouldn’t try parasailing because I’m scared of heights 6. What are the three sections of the Florida Keys? Ans:Upper Keys, Middle Keys, and Lower Keys 7. Identify the key whose name means â€Å"purple isle. † Ans:Islamorada 8. List the key known as the sport fishing capital of the world. Ans:Islamorada 9. What part of Florida is known as the backcountry? Ans:Florida Bay 10. Name the largest U. S. park east of the Rocky Mountains. When and why was this park established? Ans:Everglades National Park is the largest U. S. park east of the Rocky Mountain. It was established in 1947† to preserve the primitive conditions† of certain wetlands extending from the Florida mainland 11. List some activities available in Everglades National Park. Ans:Ranger-led walks and talks. Boat tours. Hiking, biking and canoe trails. Back country camping and fishing 2. What was Tavernier Key used for in the eighteenth century? Ans:Wrecker used it as their base during the day, but at night they searched its reef for valuable goods from ships that had urn aground and sank 13. Which key is both smaller and less developed than its neighbors, and what is its best asset? Ans:Long Key is the smaller and less developed than its neighbors. Its best asset is that it offers seclusion and ready access to activities on neighboring keys. 14. Name the first and second longest bridges in the Florida Keys. Ans:The longest bridge is the 7-mile bridge; Long Key bridge is second 5. How did Marathon get its name? Ans: Helping to build the tracks for a railroad in the middle of the keys, a worker commented that the job was a marathon 16. How many bridges connect the Florida Keys? Ans:42 17. Which bridge appeared in the movie True Lies? Ans:7 mile bridge 18. What is a botel? Ans:a floating motel room with dockage for a guest’s boat 19. In addition to Marathon, which other key has a commercial airport? Ans:Key West 20. What are the tiny, white-tailed deer on Big Pine Key called? Ans:Key Deer 21. What attraction does Looe Key National Marine Sanctuary have for touris ts? Ans:People think it is the most spectacular coral reef in the Lower Keys. People enjoy snorkeling, skin diving, fishing, and boating. 22. What two corals does the article about the sanctuary mention? Ans:elkorn coral and massive star coral 23. How did Little Torch Key get its name? Ans:It was named after the torchwood tree 24. Which key is known in Spanish as Cayo Hueso? What does the name mean, and how did the key get this name? Ans:Key West is known in Spanish as Cayo Hueso, Which means â€Å" island of bones† Spanish explorers gave the key this name because they found the skeletal remains of Indians there 25. How far is Key West from Cuba? Ans:90 miles 26. What role did Key West serve before Fidel Castro came to power? Ans:it was a stopping for travelers between the United States and Cuba 27. What are some attractions of Duval Street? Ans:Sloppy Joes, Dival Street extends into art distract 28. Briefly describe the Hemingway Days Festival. Ans:The festival is in honor of Ernest Hernigway, who once lived in Key West. It includes a Hemingway look-alike contest 29. What happens during Sunset Fest? Ans:Every night people watch the sunset while being entertained by musicians and carnival acts 30. How do the locals refer to the Florida Keys and Key West? Ans:Paradise How to cite Mrs. Kr, Papers