Online Sales and Economic Activity Monitoring Report (Assessment)

Exclusively available on Available only on IvyPanda® Made by Human No AI

Retail sales refer to the sum total of all receipts that go to those who sell merchandise and other consumer goods. Retail sales cover a wide range of consumer goods, both durable and non-durable. Economists monitor retail sales because they are primary indicators of trends in consumer expenditures over time. In the U.S., for example, retail sales account for approximately half of the total expenditure by consumers (Krugman, 2009). In addition, it can be used in planning for output as it gives an indication of which products the citizens’ demand more.

Online trading has a number of difficulties as far as the measurement of economic activity is concerned. First, products that can be delivered online, such as computer programs and updates are difficult to classify as either exports or imports and are usually recorded (Deepeshree & Agarwal, 2006). An individual in Australia can buy software in Germany online without the knowledge of the relevant authorities. Similarly, retail prices indicated online exclude freight costs, and it may be difficult to know the actual price paid by the consumer. In addition, since the individual retailers have access to the online trading database, they can engage in malpractices such as tax evasion and tax avoidance by giving incorrect information.

References

Deepeshree, S. & Agarwal, V. (2006). Macroeconomics. New York, NY: McGraw-Hill.

Krugman, P. (2009). Macroeconomics. New York, NY: Worth Publishers.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2021, January 23). Online Sales and Economic Activity Monitoring. https://ivypanda.com/essays/online-sales-and-economic-activity-monitoring/

Work Cited

"Online Sales and Economic Activity Monitoring." IvyPanda, 23 Jan. 2021, ivypanda.com/essays/online-sales-and-economic-activity-monitoring/.

References

IvyPanda. (2021) 'Online Sales and Economic Activity Monitoring'. 23 January.

References

IvyPanda. 2021. "Online Sales and Economic Activity Monitoring." January 23, 2021. https://ivypanda.com/essays/online-sales-and-economic-activity-monitoring/.

1. IvyPanda. "Online Sales and Economic Activity Monitoring." January 23, 2021. https://ivypanda.com/essays/online-sales-and-economic-activity-monitoring/.


Bibliography


IvyPanda. "Online Sales and Economic Activity Monitoring." January 23, 2021. https://ivypanda.com/essays/online-sales-and-economic-activity-monitoring/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1