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| Topic: |
Business
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| Number of pages / Number of words: |
18 / 4855 |
Essay's paper body
Thus a big impact on market prices can result from a very minor political, economic, or social crisis. This is what happened in 2004 when the textile crisis exploded: customs’ fares as well as regulations of ethics and quality led to a decrease of the industry’s growth. But such crisis are often short in duration because of the important demand that allows the biggest companies to make up profit very quickly, and especially in the field of fashion products where the demand is quasi-inelastic and for which an increase of price does not have a very strong dissuasion effect (what is fashionable has to be expensive to introduce customer selectivity)...
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But such crisis are often short in duration because of the important demand that allows the biggest companies to make up profit very quickly, and especially in the field of fashion products where the demand is quasi-inelastic and for which an increase of price does not have a very strong dissuasion effect (what is fashionable has to be expensive to introduce customer selectivity)...
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