Identification should include economic resources (i.e., land, labor, capital, entrepreneurship) used in producing fashion goods and services and examples of each.
Process/Skill Questions:
- How do labor costs affect the fashion industry? How do retail space costs affect the fashion industry?
- Who is involved in the creation of fashion products?
- Why are many of the fashion products sold in the United States made in other countries?
- What resources are available for fashion entrepreneurs to fund their businesses?
- Why is entrepreneurship considered an economic resource?