I had this odd question about how gun sales are impacted by a bad economy. So I generated some research from the mainstream media. And this is what I found.
The firearm and ammunition industry has seen a significant increase in economic activity since 2008. According to the National Shooting Sports Foundation, the total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $63.5 billion in 2019, a 232-percent increase. This increase in economic activity has been attributed to a variety of factors, including increased demand for firearms and ammunition due to the rise of gun ownership in the United States.
In addition to the economic impact of the firearm and ammunition industry, gun violence has also had a significant economic impact on communities. According to the Urban Institute, gun violence has had a negative impact on community-level economic health, with businesses being affected by the costs associated with gun violence.
Finally, the arms trade has also had a significant impact on the global economy. According to Global Issues, some governments spend more on military expenditure than on social development, communications infrastructure and health combined.
According the several mainstream media sources, that’s the overview of gun sales in a bad economy.
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