Buy custom Can anything be done to arrest the terminal decline of the UK Clothing Industry?
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Topic: |
Social Issues
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Number of pages / Number of words: |
10 / 2679 |
Essay's paper body
The traditional society was in the UK between the years of 1000-1500, the pre-conditions for take off happened in the 17th/18th century, the take off into sustained economic growth happened in the late 18th century, the drive to maturity in the 19th century and the mass consumption occurred in the 20th century onward...
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He stated that all countries would go through the fives stages and by looking how Britain went through it would speed up and make easier other countries transition.
By 1870 the technology that produced the Industrial Revolution in Britain had reached the phase of diminishing returns, when investment no longer yielded the expected return of impact and when every extra pound invested yielded a diminishing return in productivity, in markets and in profits...
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