Economic Analysis of Fashion
Shan Wu
Abstract
Shan Wu
Abstract
Fashion exists in normal life and has its effects on consumers' demand and producers' supply.But what is fashion? How to put it in words in economics? Why consumers pay much more money for fashion products? Why producers endure much more costs to product those fashion products? This article analyzes questions above in economic ways,and tries to give answers to those questions.
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Fashion exists in normal life and has its effects on consumers' demand and producers' supply.But what is fashion? How to put it in words in economics? Why consumers pay much more money for fashion products? Why producers endure much more costs to product those fashion products? This article analyzes questions above in economic ways,and tries to give answers to those questions.
Key concepts: Product (mathematics), Economic analysis, Commerce, Economics, Business, Fashion industry, Supply and demand, Marketing