As we know, the Eid al-Fitr holiday is divided into intermediate days. up to 9 days extended. So, do you think the only reason for extending this holiday season, which we’ve been waiting for for months, is to think about our fun? Otherwise, when this decision is made various factors Is that also taken into account?

When it comes to economics: every factor, big or small has the power to make an impact It can happen. This of course also applies to holidays. A day and a half holiday, which seems to us very small and perhaps “meaningless”, is quite important when it comes to the country’s economy. can have major consequences.

Long holidays have a huge impact on the economy.

Individuals who are part of the labor force in the economy are not allowed to spend their time working during the holidays. from both economic and social dimensions It causes different outputs.

For example, in these periods on the one hand increase in expenditure It is seen on the other side decline in production is seen.

During a 9 day holiday period, some work will slow down or, if possible, stop, operational inefficiency can make.

On the other hand, if we look at the increase in expenditure, economically beneficial It creates a situation.

The biggest impact of the 9-day holiday on the economy is the increase in consumer spending!

As the holiday season lengthens, domestic and international travel increases. This situation mainly affects the tourism and services sectors. With the revival of various sectors Results.

In addition, long holiday periods will increase people’s tendency to shop and spend time outdoors. local trade will revive and local businesses will see an increase in sales.

In fact, this situation corresponds to the Keynesian school of economics!

Keynesian economics According to the report, the increase in consumer spending is one of the main drivers of economic growth.

In economies that adopt this approach, spending is generally encouraged for economic vitality. For example in 2009 “Buy and give life to the economy.” campaign too to stimulate the economy was executed.

For this reason, people take vacations etc. during long vacations. because their expenses will increase an increase in consumption will be seen.

As we mentioned earlier, during the holiday season, people generally tend to shop, travel and spend money on entertainment, which will increase their overall consumption expenditure. to stimulate the economy it causes.

The increase in overall demand and spending during long holiday periods also ensures that the economy is rebounding.

Long public holidays will lead to an increase in demand in sectors such as tourism, accommodation, entertainment and local trade. demand for labor also see an increase.

According to Keynesian economics, increases in consumption and aggregate demand lead to investments for growth the tendency to do so may increase. For this reason, long holidays, especially in the tourism sector, can encourage companies to invest.

As we said before, demand will increase increase in prices visible.

As a result, long holiday periods, such as holidays, often increase economic vitality. People tend to spend more during the holidays stimulating trade and thus economic growth can contribute.

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