Political information can also be a key indicator of what to except in the future as it can affect our economy and consumer behavior. Depending on who is in office, the dominating party in congress, what decisions are made on important local and global issues, the state of our economy, and our current policies can have negative or positive impacts on the fashion industry. We decided to include information on the number of Republican and Democrats in congress, the U.S. governmental debt, and U.S.’s involvement in Iraqi war.
The amount of Democrats and Republicans in office is valuable information because each party has different views, goals, and interests. If Democrats are the majority, then their “liberal” views will dominate political decisions, such as pro-abortion, same sex marriage, and universal health care. Whereas Republicans are more conservative and usually against the above issues.
U.S. governmental debt is also vital information because if it’s high, then usually the government will impose more taxes or implement ways of repaying its debt. If debt is low, then our economy is usually booming and there is more money for consumers to spend on luxury goods. Government debt also has a direct correlation with our country’s involvement in war. As war activity increases, debt will eventually sky rocket. Knowing whether or not our country is at war is a very key component in our economy and ultimately the fashion industry.
The amount of Democrats and Republicans in office is valuable information because each party has different views, goals, and interests. If Democrats are the majority, then their “liberal” views will dominate political decisions, such as pro-abortion, same sex marriage, and universal health care. Whereas Republicans are more conservative and usually against the above issues.
U.S. governmental debt is also vital information because if it’s high, then usually the government will impose more taxes or implement ways of repaying its debt. If debt is low, then our economy is usually booming and there is more money for consumers to spend on luxury goods. Government debt also has a direct correlation with our country’s involvement in war. As war activity increases, debt will eventually sky rocket. Knowing whether or not our country is at war is a very key component in our economy and ultimately the fashion industry.
