Examlex
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Trickle-down Theory
A social and economic idea suggesting that benefits for the wealthy or innovations in high fashion, for example, will eventually pass down to the less wealthy.
Fashion Acceptance Cycle
The process by which new styles and trends are introduced, accepted, and eventually declined by the public, influencing the dynamics of the fashion industry.
Fashion Classic
An item of clothing or accessory that remains stylish and universally accepted over an extended period, transcending short-lived fashion trends.
Economic Models
Simplified frameworks used to describe the workings of the economy and to analyze economic variables and their relationships.
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