Global Culture Essay Example | Topics and Well Written Essays - 3000 words

Global Culture - Essay Example 77). This in itself has been the major source of various issues of contention such as the general lack of consensus surrounding certain elements of fashion. Additionally, the aspect of ethnicity also affects how we take up commodities and elements of fashion in as much the same way as that of race. It is worth noting that while race is defined by the physical features that characterize us such as skin color, type of hair, or general physique, ethnicity is more of the traditions, beliefs, and customs that are associated with a given group of people (Karner 2007, p. 192). As such, it is much easier to alter our traditions and adopt a fairly different ethnicity from our own. This is not possible for the element of race, as race is basically attached to the biological and genetic orientations of our existence. In consideration of these, race and ethnicity are generally tied to fashion with an underlying indifference on the aspects of egalitarianism and impartiality as segments of the fas hion world tend to advance. The contemporary society is always expanding with each subsequent year, as defined by population increase in almost all aspects. This results in numerous individuals each with their own traditions and beliefs regarding the various elements of human life. Additionally, the liberalism of the current society makes it much easier for people to move around and intermingle with different individuals from varying ethnic and racial orientations. This has the overall effect that there are virtually unlimited number of idealizations that can define the exact thoughts that people have on issues of core interest to the human race (Prewett 2013, p. 101). One of these aspects is fashion, which is very much alive courtesy of the multi-billion dollar industry depicted by the high fashion world. The high stakes of the fashion industry mean that any form of idealization that may not conform to the

Journal Essay Example | Topics and Well Written Essays - 1250 words - 4

Journal - Essay Example The article offers that â€Å"retailers already are bracing for another meager holiday season† (Rugaber, 1). At the microeconomic level, less demand for credit can impact the retail industry significantly if there are wide scale changes in consumer behavior and attitude toward retail spending. Some consumers may be considering that the cost of a car would be too significant on their personal budgets and would rather keep their creditworthiness by paying down debt. Consumer attitudes might also be focused around small scale items, as cost savings, such as reducing grocery store volume per trip or changing their favorite brands. The article offers that jobs are scarce currently which also changes the mindset of buyers, giving them more incentive to cut back on personal spending in the retail environment. The National Retail Federation believes that the retail holiday season will see a one percent drop in sales this year, due to consumers reducing their spending and their need for credit. Speaking strictly from the microeconomics level, this makes sense how one aspect of consumer attitude can strongly impact the strength of a specific industry, such as retail. It would seem that the real question which should be asked is whether consumers would be cutting back on large purchases or small purchases and in what specific retail segment. Is it scattered throughout retail or does this concern only deal with high dollar purchases? Microeconomics has taught the importance of conducting research and gaining demographic information in order to support local business success and profitability. Consumer attitudes changing to reflect a new attitude regarding spending and credit is a microeconomic issue with potential real-life problems for certain retail marketplaces. It would be very important to conduct consumer research to find out why. The new light bulbs