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Essay / Research Paper Abstract
This 5 page paper examined who and why structural changes in the clothing industry occurred, The paper is written form an economic perspective and includes aspects such as technology, labour costs and international trade theory. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEcloind.rtf
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Unformatted sample text from the term paper:
trends that ill reflect both fashion and economic conditions. However, when looking at the industry there have been some major changes in the structure of the industry. The clothing industry
changed with the industrial revolution. Textiles were mass-produced as a result on the new technologies of the time and the use of scientific management principles. The key factor was the
reduction of cost, cloth and clothes were made in a cost effective manner which satisfied the demand of the end users, this satisfied the need for profit by the factory
owners and also the demand for cheaper clothes. It also provided jobs. The mass production is single areas simplified the supply chain, with the cloth then available for the use
by the clothes makers that would be situation geographically close. This created an efficient command chain when there was little fast transportation and the proximity of the supplies to a
market were a key factor in economic management. In understanding the role of technology and scientific management, also known as Taylorism or Fordism, and the way that they changed the
economic structure of the cloths industry it is simpler to mover forward to the twentieth century to appreciate why the subsequent changes occurred. Technology changes and moves forwards, whereas once
the cloth mills and clothing manufacturers were at the cutting edge of technology, other technologies emerge that can create higher profit levels. The desire for profits increases the investment in
these areas. Meanwhile in others areas that are not as advanced there is an opportunity seen for the ability to take up some industry and benefit form technology that is
in advanced of the exiting status quo. This helps the country develop. When a drop of supply is seen in another country the economics of supplying that country with clothes
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