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The textile industry significantly impacts the economy by providing employment opportunities, stimulating trade, and contributing to GDP growth. It supports a wide range of jobs, from manufacturing to retail, and encourages innovation and investment in sustainable practices. Additionally, the sector plays a crucial role in international trade, with countries exporting and importing various textile goods, thus fostering economic interdependence. Overall, the textile industry serves as a vital component of both local and global economies.
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How does bushfires effect economy?
the economy looses millions of dollars paying for repairs
What effect does new technology usually have on an economy?
It makes the economy stronger and more efficient.
When the price of copper goes down how does that effect the economy in Chile?
The economy of Chile suffers
How does the labor unions affect a mixed economy?
How dose labour unions can effect a Mixed economy
What is the effect on the government when the economy is in decline?
prices rise
What effect has the textile industry had on China's economy?
the textile industry employs children which is child labour and the population has increased so china's economy has risen due to the facts above.
What department contributes more income in Pakistan Economy?
textile industry is the backbone of Pakistan economy
What was the economy like in Rhode Island?
Farming, fishing and i think textile
Where do you use the textile mill?
it all depends on were you are and what kind of economy they may have but ase so fare as i know the usa does not use that many textile mills to make cloths
The manor economy is based on?
The manor economy, like the economy of the middle ages as a whole, is based on agriculture. Farming, herding, orchards, and textile production was the basis of most wealth.
What is India's current position in the world in textile manufacturing and exports?
India Textile Industry is one of the leading textile industries in the world. Though was predominantly unorganized industry even a few years back, but the scenario started changing after the economic liberalization of Indian economy in 1991. The opening up of economy gave the much-needed thrust to the Indian textile industry, which has now successfully become one of the largest in the world.
What effect does Technical College in Georgia has on the economy?
I wanted to know what effect does Technical Colleges have on the economy
What was the economy like in the colony of Rhode Island like?
Difficult. People got most of their economy Fising, Farming, Doing textile, whaling and Trade Fishing.
What activities contribute to the economy of Sri Lanka?
Tea,Tourism,Textile,Cinamon,Pepper,Ship Building,Graphite,Ilmenite etc contribute to Sri lanka's economy
What effect might the shift from cottages to factories have on lives of textile workers and on towns and cities?
help me
What effect did the Holocaust have on the economy?
it damaged it.
What would be a negative effect if textile mills in the 1700s?
One negative thing about the Textile Mills was that they had slaves work the machines so it increased the amount of slaves America had, which I think is terrible.
