Question: Question 1 9 What does the race - to - the - bottom mean? Description of extremely competitive nature of the apparel business. Moving apparel

Question 19
What does "the race-to-the-bottom" mean?
Description of extremely competitive nature of the apparel business.
Moving apparel production from one country to another in pursuit of lower and lower labor cost.
The process of countries' economic development as they industrialize.
Explanation of why apparel industry has low-entry barriers.
Question 19 What does "the race-to-the-bottom" mean? Description of extremely competitive

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