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Fast fashion's meteoric rise is apparent in retail giants like Shein and Uniqlo, which both saw more than 20% revenue growth between 2022 and 2023 alone. But, as the industry grows, the human and ...
Fast fashion is a business model that focuses on the production of garments in bulk, and as quickly as possible, in response to current trends, according to Dr. Preeti Arya, an assistant professor ...
Ethical consumerism (alternatively called ethical consumption, ethical purchasing, moral purchasing, ethical sourcing, or ethical shopping and also associated with sustainable and green consumerism) is a type of consumer activism based on the concept of dollar voting. [1]
The consumer in the fast fashion market thrives on constant change and the frequent availability of new products. [49] Fast fashion is considered to be a "supermarket" segment within the larger sense of the fashion market. [44] This term refers to fast fashion's nature to "race to make apparel an even smarter and quicker cash generator". [49]
However, this idea is seemingly outdated as most businesses nowadays follow an ethical business plan. In the United States, plus size apparel is thought to have generated $17.5 billion between May 2013 and April 2014, which is a 5% increase from the previous year, this is to be expected as 65% of American women are plus sized .
One variety of critical consumption is the political use of consumption: consumers’ choice of “producers and products with the aim of changing ethically or politically objectionable institutional or market practices.” [6] Such choices depend on different factors, such as non-economic issues that concern personal and family well-being, and issues of fairness, justice, ethical or political ...
The right to consumer education states that consumers should be able to acquire knowledge and skills needed to make informed, confident choices about goods and services while being aware of basic consumer rights and responsibilities and how to act on them.
This is further emphasised upon when the consumer's absence is highlighted, whereby the sparse knowledge available, likewise with the producer's ability to calculate in gathering information as opposed to the government doing so - a direct laissez-faire correlation - the consumer becomes indecisive, and thus astray.