Question

1. Where did you get your clothes? Where did they come from?

2. Who worked to produce your clothing?

3.What things do you consider when buying an article of clothing?

4. In what countries were your clothes produced?

5.What principles of economics are demonstrated in this quick survey of class clothing?

Answer 1

1. I got my clothes from a shopping mall. They were imported from other countries like India and Bangladesh.

2. Labourers in these developing countries worked to make the clothes.

3. I usually consider the color, the fabric and the trend, whether it's in current trend or not. Also, I like my clothes to be more comfortable.

4. My clothes were produced in India and Bangladesh, Egypt.

5. The economic principles which get highlighted can be:

Comparative advantage theory: Since these economies have a Comparative advantage in producing clothes as the USA has in technology, we can say it's economically profitable to outsource our cloth production.

Resource advantage: these countries have better quality of Raw Material and they can produce it at a cheaper price.