Where does my

shirt come from?

Global Economy

A Global Economy or Globalization is the spread of capitalism on an international level.

QUESTION: What are some of the pros and cons of having a global economy.

PlanetMoney did an experiment and traced the production of an average t-shirt so we can see it’s destinations and those who participated in making them.

• What if this farm was the only farm to produce cotton for t-shirts? – How would this change the supply and demand curve?

• If wages were increased for Jasmine and her fellow workers, how would that affect the supply and demand for cotton t-shirts?

• Who receives the greatest surplus, consumers or producers?

$

Q