Supply and demand - a quick refresher The economics of supply and demand are straightforward: When demand for goods increases, prices go up. When the supply of goods increases, prices go down (where prices are not constrained by law or other factors). The implication, then, is that if we all turn to buying our clothing used, it will drive up the price of used clothes, potentially pricing economically disadvantaged people out of the market. Meanwhile, there is no question that clothing now enjoys a second or even third act before being discarded. Witness the rise of Poshmark , an online retailer of clothing, both new and used. While it's touted as a way to shop other people's closets, it's also a way for sellers to perform a sort of "clothing arbitrage," purchasing quality or trendy clothing from Goodwill at rock-bottom prices, and then re-selling the clothing at a substantial markup via Poshmark. If we all bought most of our clothing used and stopped buying prim...
Dressing well while saving money