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How Economic Issues Forms Fashion Trends

The clothing economy includes three processes: manufacturing, clothing; distribution, getting clothes from manufacturer to consumer; and the use, you use the clothes. Although the use makes you drive and diffuse, the three processes are inseparable in many ways. The program is very competitive in all grades, in part but not entirely because the outfits are fashionable. Although some casual wearable may not seem fashionable, their production and distribution are very competitive.

The Global Economy

The clothing economy is global. From ancient times, it has reached the limit of human habitation. In each area, people exploited indigenous plants, animals, and minerals. The Chinese learn the secrets of the silk form; linen grew in the Nile valley, cotton in the valley of the Indus River; the people of Mesopotamia raise sheep with their wool. Shellfish found in the eastern Mediterranean Sea served as a purple dye. Polar culture relies on the kidneys and skins of local, terrestrial, and marine creatures. The natives of what is now the Canadian Pacific of Canada have used cedar wood clothing to drain the rain; some people make grass clothes.

The Idea of ​​Fashion

“Fashion” is a complex concept, but economic analysis requires simple and practical explanations. The story thus uses definitions based on what Paul Nystrom said in his 1928 book, The Economics of Fashion. He described “style” as “a personality or a unique mode or way of displaying in a particular field of art” and “fashion” as a style at any time.

Writing or speaking, the word “fashion” is often misused as a synonym for women’s clothing. However many consumer goods and services are subject to the fashion process. Fashion also touches on non-economic issues such as social culture. The economic structure of the consumer goods industry reflects the role of fashion, which directly affects the basic industries. Because “fashion” can cover almost every aspect of modern life, the subject focuses on the economics of clothing.

How Economic Status Influences Fashion Trends?

Wide realization of wealth and an increase in family income is one of the most important factors in accelerating the change in clothing patterns and styles. Families earn an income now that exceeds the amount of money needed because of the bare necessities of life. Another implication of the change of styles is that the middle class is always trying to copy the upper class, while the upper class always changes their styles to be produced from the middle class (Kiran, Riaz, and Malik, 2002).

Social ideas can be based on the clothing products one can own. In college student research, having branded jeans gets a lot of worse ideas than building a student/brand name (McDermott & Pettijohn II, 2011). Kir et al. (2002) surveyed to identify what people believed to be the driving force behind the change in fashion trends. 88% of respondents were from middle income, while higher-income was 10% and lower-income was only 2%. Of all the people surveyed, 26% of them said that socio-economic status was a big factor (Kiran et al., 2002). McDermott et al. (2011) conducted a study with two participants.

One woman was wearing a K-mart sweatshirt, and another woman was wearing a suit with the Abercrombie & Fitch logo. They took pictures of the participant and passed them on to college students. It is widely believed that the A&F trademark was a high-profile economic and female figure wearing the K-mart logo. The study concluded that most people judge others by the clothes they wear (McDermott et al., 2011)

Fashion Trends – Popular During Difficult Economic Times

In difficult economic times, shorter and recycled materials are becoming more popular. Military-style pants, military construction, and vintage military dress are popular. They can also be seen on runways. Other styles include more advanced accessories, such as gargantuan jewellery, and high-waisted, feather-like detailing on everything (“Recession Fashion”, 2008).

Most people find themselves buying clothes, shopping malls, and struggling to keep up with the ever-changing fashion during difficult economic times. According to Cassie Tucker (2011) during those difficult economic times, there are three things in fashion that you can’t live without. That is a blazer, cardigan and jean jacket. The blazer can be worn at business meetings, high-profile events, or overnight in town if you wear it with pants and a shirt. Cardigans work like a blazer. It can be worn professionally or unbelievably, for example, pairing a cardigan with shorts or torn jeans. Jean’s pants are designed for casual looks, such as a cropped coat and a summer coat or over tanks with shorts (Tucker, 2011).

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