Where does my shirt come from?. Global Economy A Global Economy or Globalization is the spread of capitalism on an international level. QUESTION: What.

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Presentation transcript:

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