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''Fashion plays a major role in our society. Stand in any line waiting to check out and the covers of magazines exude fashion. Designers have movie stars wearing what they decide the season should call for. Every movie or television program has carefully chosen what look they want to portray.

Every ad may not be about fashion, but the clothes are a subliminal way of catching what audience they are geared to. Fashion reaches every corner that you turn. The market reaches the elementary schools as most kids "want to fit in". High School is a great target for young teens who must have what everyone else is wearing and at this age kids are very self conscious; they are in grade school too. In our society fashion is a display of what your material wealth is and also people "in the know" are aware of how to dress. The only place people can let their hair down is when they are home alone or with a comfortable mate; that is the time for comfort and grubbies; they even had a role at one point and that is when grunge era took place and still does exist. Depending upon the occasion, people dress up down and don't forget accessories which include shoes; what woman (and most men) do not enjoy the look of shoes? Purses make a statement of wealth or lack of. Why is there costume jewelry? Because not everyone can afford the real thing and people want to look and feel good. Even people with an abundance of money do not always wear real gems as costume jewelry is about fun in thst it is reasonably priced. From birth to death, fashion is utmost. When a new arrival makes the scene, many people throw baby showers and the "oohs and "ahhs " of the most darling clothes can melt most hearts. Although death is part of life, it is a solemn occasion and this will be the last fashion statement a person will ever make.

Weddings are huge money makers for the fashion industry and people will spend almost their lifetime savings for the special day every little girl; well almost every little girl, dreams of. Fashion moves money which helps the economy Fashion separates the classes of society also. There are endless restaurants, social events, and churches where fashion plays a large role. All in all, almost every country has their own fashions that make a statement of a person's wealth and the statement they are making using style or lack of style.'' - Donna Star. Economy life in Milan, Italian's capital of Business.

China’s new economy of fashion. Economy in History of American Fashion. Class and Clothing Fashion has been intertwined with money, status, and power throughout the history of human civilization. As authors Elaine Benson and John Esten have written, "from Egypt to Greece to Rome, one rule cut across cultures: the higher you stood on the social scale, the more you wore. "126 The displays of wealth and luxury inherent in a person's external appearance have long been used as social markers to differentiate between ranks or classes, and America has certainly been no exception. In the words of noted colonial historian John Demos, "what a man wore reflected his worth in the eyes of his neighbors. "127 Yet for as long as elites have used fashion trends to mark their status, people from lower ranks of society have coveted and co-opted the same trends for their own purposes.

Elites have never had an easy time of it when trying to use clothes to differentiate themselves conclusively from those they regarded as their social inferiors. More Pragmatism, Less Fashion. The fashion business. Image copyright AFP We know that clothing is big business, but it may be surprising just how big. The fashion industry's contribution to the British economy is an estimated £26bn - that's twice the size of the car industry's and nearly as big as the contribution from housing, according to the British Fashion Council. It is not just dresses and handbags, but also design and manufacturing that make the sector the largest part of the so-called creative industries, which include marketing, etc. It's an important part of the services sector that makes up around four-fifths of the economy.

And services has powered the economic recovery, which I have written about before. I wrote then that it was a tougher sector to picture than say manufacturing cars which is tangible. But a couple of times a year during London Fashion Week, it is visible as models wear dresses that embody design as they sashay down the catwalk. It's also an industry that has taken to social media to reach that market. Economy Of Fashion: How Different Trends Reflect The Financial State. It's common knowledge fashion is cyclical in nature. The concept of “newness” in fashion doesn't refer to the premiere of a trend, but rather its revival. Why fashion cycles in this manner, however, is less obvious.

There are lots of factors at play: cultural trends, politics, celebrity influence. One one of the most surprising factors to influence the cycle of fashion, though, is the state of the global economy. If you think about it, it makes sense. When money’s tight, fashion is one of the first indulgences a consumer will sacrifice to save money. During tougher times, if you need new clothes, the focus is less on passing fads and more on classic, quality pieces worth the expenditure because they’ll last (which also aids in cutting down cost per wear). As FIT professor John Mincarelli tells ABC News, “In rough economic times, people shop for replacement clothes,” adding “basics” prevail during an economic downturn. Pinterest Once the market crashed, longer skirts became de rigueur.

How? Economic contribution. The direct value of the UK fashion industry to the UK economy is estimated at £26bn, up from £21bn in 2009, according to data from Oxford Economics, the consultancy, published by the British Fashion Council. This represents an increase of 22 per cent in nominal terms between 2009 and 2014. If the indirect support for supply chain industries and the induced spending of employees' wages are added in, the total contribution from the UK fashion industry is £46bn.Oxford Economics estimates that fashion’s wider contribution to the UK economy in influencing spending in other industries has risen from £37bn in 2009 to over £46bn in 2014 - a 23 per cent increase.The UK fashion industry is estimated to support 797,000 jobs (down from 816,000 in 2009 which reflects an increase in productivity in the sector).

Fashion is the largest employer of all the UK's creative industries. Source: The British Fashion Industry and London Fashion Week Facts & Figures, BFC, Feb 2016. Economic Value. How fashion is shaping the UK economy | Summit. London celebrated its 61st Fashion Week this year London celebrated its 61st Fashion Week (LFW) last February, a highlight of the international fashion and retail calendar which turned global attention to the UK.

No longer known as the ‘little sister’ of the big four fashion capitals, London is firmly on the map. It is now seen as the hottest and most exciting capital, creating and nurturing successful global fashion brands. As Changemakers in Retail, it is critical that we are up to speed on the trends, consumer insights and innovation & technology in the fashion industry. Armed with this knowledge we can speak to our clients on equal terms, with a true understanding of the challenges and opportunities they face. This season we were lucky enough to attend some of the shows, and were certainly not let down by the creativity and pride that shone through from our British designers. Economic impact in the fashion industry. Globalization and the Fashion Industry.

In a certain sense, the Western economy has been "global" since the sixteenth century. After all, the African slave trade, colonialism, and the intercontinental trade in sugar and coffee made capitalism possible. But since the early 1980s, transnational corporations, cyber technology, and electronic mass media have spawned a web of tightly linked networks that cover the globe. Taken together, these forces have profoundly restructured the world economy, global culture, and individual daily lives. Nowhere are these changes more dramatic than in the ways dress and fashion are produced, marketed, sold, bought, worn, and thrown away.

For consumers in dominant Western countries, globalization means an abundance of fashions sold by giant retailers who can update inventory, make transnational trade deals, and coordinate worldwide distribution of goods at the click of a computer. The Global Assembly Line Sweatshop producing Nike apparel Source Immigrant Labor Responses to the Global Assembly Line.