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Economic Systems and Government

Economic Systems and Government. Clothing = Textiles

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Page 1: Economic Systems and Government. Clothing = Textiles

Economic Systems and Government

Page 2: Economic Systems and Government. Clothing = Textiles

Economic Systems and Government

Page 3: Economic Systems and Government. Clothing = Textiles

Economic Systems and Government

Clothing = Textiles

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Economic Systems and Government

Cloth = a fabric made of fibers, as wool, cotton, or rayon

Requirements:

1. Raw materials = wool

2. Processes: Sorting, carding, spinning, weaving, cleaning, bleaching, nap raised and cropped, stretching, dyed, and sold

3. Manufactured into clothing

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Governmentcloth merchant buys wool       - £  7

      sells wool to weaver sorts, cards, spins, and weaves wool with help of wife and children

+ £  8

cloth merchant buys back unfinished cloth

weaver nets £2 - £10

      sells cloth to fuller cleans, bleaches, raises the nap, crops, and stretches cloth

+ £12

cloth merchantbuys back finished cloth

fuller nets £2 - £14

    sells cloth to dyer + £16

cloth merchant buys back dyed cloth dyer nets £2 - £18

      sells cloth to agent takes cloth to trade fair, sells cloth to customer for £40

+ £30

            agent nets £10      

cloth merchant nets       +£17

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government

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Economic Systems and Government