Social and economic factors influence fashion forecasting, designers depend on fashion forecasts, and the Trickle-down Theory explains fashion diffusion.
Social and economic factors influence fashion forecasting as they play a significant role in determining trends and consumer behavior. Top designers often depend on fashion forecasts to stay ahead in the industry and cater to market demands. The Trickle-down Theory in fashion elucidates how styles and trends diffuse across different societal levels.
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