Explain the correlation between retail and the economy. In other words, how does retail affect the economy and how does the economy affect retail?

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter1: The Economic Approach
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Problem 12CQ
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  1. Explain the correlation between retail and the economy. In other words, how does retail affect the economy and how does the economy affect retail?
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