Respuesta :
The macroenvironmental elements that affect the clothing industry are those that do not belong to small businesses or their competitors.
Customers now have more options to pick from as there are more companies in the fashion sector. The fashion industry has become more competitive as a result of the variety of business models.
The factors which influence fashion are:
- Social Factors.
- Cultural Factors.
- Political Factors.
- Environmental Factors.
- Psychological Factors.
The availability of resources, demand, and production are three resource macroenvironmental elements that affect the fashion sector.
A fantastic illustration of monopolistic competition is the fashion business. The fast food and apparel industries are most likely to have perfect competition because, in a fully competitive market, firms are free to enter and leave at any time, and buyers and sellers have complete information about the market and its current prices.
To know more about monopolistic competition refer to: https://brainly.com/question/9357139
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