Economics, Programming and Law

Today, we focus on something interesting (as always). The willingness to spend money in clothing, how much? well.. acording with some Dane data, by 2002 an average household spent 700 thousand COP per year in clothing, by 2019 this amount went up until 3 million COP  showing a little fall due to the actual crisi to spend (as a forecast) of 2 million and 9 hundred thousand COP. Nevertheless this behaviour will be better by 2024 which according with th trend it could be  of 3,8 million COP. This is interesting if you take into account the fact that the minimum wage in Colombia is right now 880 thousand COP or something...this mean that roughly a Colombian household spend 4 minimum wages in clothing every year.

Hi everyone! Today we're gonna analyze the financial statements of a particular fashion firm, the name doesn't care for our purposes, I just have to tell you guys that isn't small whatsoever in the industry. So let's begin: So this is the net profit behaviour year over year, it's interesting how we see a deep fall in the net profits during the crisis but also that in recent years the net profit has been going up and down showing maybe some changes in demand and macroeconomic context during these years...who knows? let's take a look to figure it out. What about the income? you shoudl keep in mind that these values are totally real, so we can see a pretty volatile overview showing sharply falls and climbs in the percent of change of the income, feeling curoius how big this company is? well...let's take a look of the annual income in absolute values: Yeah so in 2019 the total operative income of the firm we're focusing on was roughly 700 thousand million CO...