How does the furniture industry affect the modern economy?
As a discretionary item, the furniture industry affects the economy significantly. The manufacturing company is focusing on innovative design and cost minimization factor of the furniture. Hardwood furniture is costlier than softwood because of its durable quality. If a buyer wants to buy a solid wood coffee table, he/she has to invest a vast amount of purchasing a particular product. As per the market demand, the manufacturing company uses designer fittings with the wooden item to give it a gorgeous look. They always focus on the customers' choice and preference for decoration purposes. With changing the business world and thinking about the corporate culture, modern furniture manufacturing companies are trying to design the furniture as per the particular occasion. For the corporate office meeting, they develop light color but gorgeous looking items. The solid wood study table is suitable for executive-level employees, as they have to perform more work than the experienced one...