0
What else can I help you with?
Country x would have a comparative advantage in production of cotton under what circumstance?
Country X didn't have to give up a more profitable form of production in order to grow cotton.
What is the primary gain from international trade?
In theoretical economics, for gains from trade we distinguish between (a) A small country trading with RoW (Rest of the World), where the former is a price taker and cannot influence world prices, the maximum it can do is exchange at world prices. For a closed small economy by opening up to trade and partially specialise in its comparative advantage (cost advantage) helps to exchange more of the non-comparative advantage commodity from the world, thus taking the country to a higher utility schedule. Ex: For a production of clothing and food, say small country has a comparative advantage in food production, while the Row in clothing, thus small country can choose to produce food which it can more efficiently and then exchange it for clothing from RoW. Thus for a small country consumer more of both is available, raising utility. (b) A large country trading with RoW, here the large country is a monopolist concerned with supply, and also affects world demand with its large demand for imports, hence a monopolist would choose not to operate at (a) P=MC and (b) remain on the inelastic part of the demand curve and hence resorting to an optimal tariff bound trade that takes it to the maximum utility. This is easy to understand and involves a derivation, but this is the essential introduction.
What does absolute poverty mean?
The state of condition of having little or no money, goods or mean of support.
What is subsistence production?
Subsistence production refers to a mode of economic activity where individuals or communities produce just enough goods and services to meet their own basic needs, such as food, shelter, and clothing. This form of production often relies on traditional methods and local resources, with little to no surplus for trade or sale. It is commonly found in rural and developing areas, where people engage in farming, foraging, or fishing to sustain their families. Subsistence production contrasts with market-oriented or commercial production, which focuses on generating profit and surplus.
Why are clothing companies outsourcing labor to factories in the Global South Do you think that so much production has been relocated there because of or in spite of the bad conditions that factory wo?
Clothing companies are outsourcing labor to factories in the Global South primarily to reduce production costs, as labor is significantly cheaper in these regions compared to the Global North. This relocation often occurs in spite of the bad working conditions, as companies prioritize profit margins over ethical labor practices. While some consumers and activists push for better conditions, the demand for low-cost clothing continues to drive production to these areas, perpetuating a cycle of exploitation. Thus, the focus on cost efficiency often overshadows the need for ethical labor standards.
Country x would have a comparative advantage in production of cotton under what circumstance?
Country X didn't have to give up a more profitable form of production in order to grow cotton.
What is the standard meter of fabric used in the production of clothing items?
The standard meter of fabric used in the production of clothing items is typically 1.5 meters.
What is the level of production in a clothing store?
bigg peniss
What advantage did cottage industry offer to the merchants?
weapons, clothing, matiral, ect.;
What does adapted mean?
It means to alter something so that it fits in with or works with a changing circumstance. As an example, people can adapt to a cold climate by making warmer clothing.
What was the production that was affected by the industrial revolution?
Mostly textiles (cloth/clothing).
What does imagery in shirt primarily focus on?
Scenes related to the production of clothing
What does the imagery in shirt primarily focus on?
scences related to the production of clothing
The invention of the sewing machine resulted in?
Lower-priced clothing and a change in the clothing production industry. Many tailors were put out of business.
What designers have special clothing lines for trouser socks?
KB Hosiery, BB Clothing, Socks etc. and Absolute Socks are a few of the many designers who have special clothing lines for trouser socks. These can all be found in major department stores.
What countries are the largest producers of clothing?
China, Bangladesh, and Vietnam are some of the largest producers of clothing in the world, with China being the biggest apparel manufacturer globally. These countries have large labor forces, lower production costs, and established supply chain networks, making them attractive destinations for clothing production.
What are some sustainable practices that can be implemented in the production and distribution of clothing labels?
Some sustainable practices that can be implemented in the production and distribution of clothing labels include using eco-friendly materials, reducing waste by recycling and reusing materials, minimizing water and energy consumption during production, and opting for ethical labor practices in the supply chain. These practices can help reduce the environmental impact of clothing label production and promote sustainability in the fashion industry.
