ECONOMIC THEORY BEHIND THE RISE IN DEMAND FOR PANDA DOGS IN CHINA
Journal Title: Journal L`Association 1901 SEPIKE - Year 2017, Vol 1, Issue 17
Abstract
Home pet market in China experiences a rapid boom. Panda Dogs are taking hearts and "Yuans" of Chinese customers. A rapid rise in demand for Panda Dogs raises questions about this product and its characteristics. It appears that Panda Dogs are stylised to look like Pandas as a national and beloved animal of China and Chinese people. Despite the shortages and incredible demand, Panda Dogs are not as unique as they appear. The Chow Chow Dog is the hero behind the popular Panda Dog. Being a regular Chow Chow with some cosmetic enhancements added to make it look like Panda, Panda Dogs don't hold their appearance for too long. The grooming is a necessity in case of Panda Dogs because if not continuously supported, the dog loses its unusual and distinguishing look. Economic concepts, such as price elasticity of demand, supply of Chow Chow Dogs, and shift in demand can be found in the case of Panda Dogs. The purpose of this article is to go deeper into the Panda Dog phenomenon and gain the understanding of how the Panda Dog became an overnight sensation, which changed the home pet market landscape.
Authors and Affiliations
Nikolay Poklonskii
Keywords
Related Articles
- EP ID EP301156
- DOI -
- Views 149
- Downloads 0
CULTURAL CONTENT COMPOSITION OF FUTURE PRIMARY SCHOOL TEACHERS
The article analyzes the cultural approach to improving the professional training of future teachers of primary school; the orientation of the cultural content component of the vocational training of the future teacher o...
ECONOMIC THEORY BEHIND THE RISE IN DEMAND FOR PANDA DOGS IN CHINA
Home pet market in China experiences a rapid boom. Panda Dogs are taking hearts and "Yuans" of Chinese customers. A rapid rise in demand for Panda Dogs raises questions about this product and its characteristics. It appe...
STAFF DEVELOPMENT AND KNOWLEDGE MANAGEMENT
The article describes the problem of personnel development planning as one of the components of the personnel planning process and planning of the organization as a whole. Definition of personnel development planning in...
ECONOMIC SECURITY IN REGION EVALUATION METHODS: CRITICAL ANALYSIS
The article deals with methodological approaches to the region economic security assessment. The advantages and disadvantages of each analyzed method are highlighted. The use of indicator and functional methods for asses...
AN APPLICATION OF BAYESIAN PROBABILISTIC NETWORK MEASURING OPERATIONAL LOSS IN INDIAN BANKING INDUSTRY
The present study intends to identify the most significant factors of operational losses and their influencing level with special reference to Indian Banking Industry, to establish a framework to standardize one or more...