Question

Has aggregate retail sales from 2010 through 2018 gone up, down, or remained the same? And...

Has aggregate retail sales from 2010 through 2018 gone up, down, or remained the same? And why is the reason for it’s direction?

Homework Answers

Answer #1
  • Retail sales have increased to a large extent from 2010 to 2018.
  • E-commerce being the major reason for such increase as the customers have access to the products 24*7 according to their convenience.
  • There is least requirement of going to retail shops for purchasing as the same can be done from any place just through the use of internet.
  • Further most of the times the advertisements keep highlighting on your social accounts attracting you towards more and more products making you spend more.
  • In some cases the need of the item is negligible but since the attraction level is so high that the customer cannot ressist himself from purchasing.
  • Hence all these conditions have led to increase in retail sales.
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