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This paper acknowledges the dominance of large fast fashion retailers in the clothing market. Due to globalization, there have been significant changes over the years as a result of their implementation of the clothing industry. This paper reveals that retailers have held enormous amounts of wealth and power without any oversight. Permitting them to profit from the absence of rules and laws everywhere in the world. A market with perfect competition has been drastically changed to one where maximizing opportunities for profit is the only goal. The industry has suffered greatly as a result of their willingness to pursue such gains, and this shift has created enormous problems. We come to the conclusion that more policies must be put into place in order to balance a competitive market populated by retailers like Zara and H&M.
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Le, Kevin Trung, "The Truth Behind Fast Fashion: A Solution to the Issue" (2023). Senior Projects Spring 2023. 186.
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