Question

Think about the last purchase you made at the store. Did you know that when you made that purchase, you actually helped the economy grow? How did your purchase do that?

Answer 1

The store owner used the money earned from the purchase to pay wages to the store’s employees. Those employees then bought other goods and services. When they paid for those items, that store in turn paid its employees, and so the cycle continues.

Answer 2

How does shopping affect the economy?

Because consumer spending drives a large portion of our economy, retail sales are a crucial economic indicator. Consider all the individuals and businesses that go into creating, distributing, and selling the products you use every day, such as food, clothing, gasoline, and so forth.

The economy often grows when customers take money out of their wallets. Orders are made for replacement goods when retail shelves start to empty. Additionally, plants order raw resources to produce more widgets.

Learn more about economic growth here:

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