answersLogoWhite

0


Best Answer

It is the day when many stores start their Christmas sales and many people go on a Christmas shopping binge to take advantage of the lower prices. As a result, stores experience a large increase in profits that, in many cases, makes up for the generally low-profit levels of sales throughout the year and makes possible a profit for the year. This moves the store from operating at a loss to operating at a profit...from red ink to black ink on the accounting books. That's why it's called "black friday."

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

14y ago

Black Friday is not important to everyone. It is only important if you want to find some sales. Personally I don't go anywhere on Black Friday because of all the traffic.

This answer is:
User Avatar

User Avatar

Wiki User

12y ago

More people are getting money because they are spending it all on Christmas shopping

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is Black Friday important to the economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How did black Friday hurt your economy?

It didn't, Black friday has never been on Thanksgiving, always the day after. And it does not harm the economy. If anything it stimulates it with more business sales, resulting in more money for the company, which result in money to hire new workers. Which again stimulates and strengthen the Economy. Also to add People always wonder why it's called black Friday It's because in business reports your money is either in the red or in the black. Red meaning your money is low and black meaning high. Due to price droppage of items all stores that have a black Friday sale will usually operate in the black for that day


Is Black Friday literally celebrated during Friday?

Do you like black Friday


When did black Friday start?

Traditionally, Black Friday will always happen the day after Thanksgiving. This day is on a Friday. That's why it has the name of Black Friday.


When is Black Friday 2009?

Black Friday is the day after Thanksgiving. In 2009, Black Friday falls on Friday, November 27.


Is black Friday for black people?

No, black Friday refers to a certain Friday when prices at the stock exchange dropped dramatically.


Did having black Friday on Thanksgiving hurt the economy?

Not really, but it angered many of the employees who had to leave their families at night to go to work on thanksgiving.


What month is Black Friday in?

Black Friday is the traditional name for the Friday following Thanksgiving in November.


When is the Black Friday in December?

Black Friday is November 29th this year. If you'd prefer to avoid the chaos that happens on Black Friday, there's also Cyber Monday which happens the Monday immediately following Black Friday (December 2nd this year) which is a recent trend in which shoppers that couldn't make it to Black Friday shopped for their deals online.


When is Black Friday 2008?

November 28, 2008 is Black Friday.


When was Black Friday 2010?

Black Friday was on November 26, 2010.


When was Black Friday 2014?

Black Friday was on November 28, 2014.


Is black FRiday on Every Friday?

No. Black Friday is just a ritual sale in America the day after Thanksgiving.