👉 Holdbacks are a concept in economics that refers to the situation where an individual's income is reduced due to unexpected expenses or events outside of their control. These losses can lead to financial hardship and require individuals to negotiate with employers or seek other forms of assistance, such as unemployment benefits or government aid programs. In simpler terms, holdbacks are a way for companies to manage costs in the face of unexpected expenses. For example, if a company runs out of stock on a product it needs for its upcoming