The term "rag trade" refers to the business of manufacturing and selling clothing, specifically inexpensive and often low-quality garments. Synonyms for "rag trade" include "fashion industry," "garment industry," "apparel industry," and "textile industry." Each of these terms carries a slightly different connotation, but all encompass the production and sale of clothing items. The fashion industry often refers to high-end, trendy clothing while the garment industry typically refers to the mass production of clothing. The apparel and textile industries are broader terms that encompass not only clothing but also accessories and fabrics. Regardless of the synonym used, the rag trade remains a significant global industry, employing millions of people and generating billions of dollars in revenue.