What are the economic costs of fast-fashion? What contributes to market failure in the fast-fashion sector?
Question
What are the economic costs of fast-fashion? What contributes to market failure in the fast-fashion sector?
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Solution 1
Fast-fashion has several economic costs.
- Environmental Degradation: Fast-fashion contributes significantly to environmental degradation. The fashion industry is the second-largest consumer of water globally and produces 10% of all humanity's carbon emissions. This environmental cost is often no Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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