Page 160 - Journeys Through Society-7
P. 160
8. A Shirt in the Market
Get Ready
Use the picture shown below to fill in the blanks below.
600
300
100
200
The businessperson purchased the shirts from the garment exporter in Delhi for ` ________ per shirt. He then
spent ` ________ for advertising in the media, and another ` ________ per shirt on storage, display and all
other charges. Thus, the cost to this shirt is ` 600 while he sells the shirt for ` 1,200 . ` ________ is his profit on
one shirt! If he is able to sell a large number of shirts, his profit will be higher.
This chapter describes us how markets offer people know that the opportunities in the market are highly
different opportunities. With each step of the unequal.
manufacture and circulation of a shirt, you will realise
that some people make money in the market A cotton farmer in Kurnool
transaction, whereas others do not gain profit and Neelam, a small farmer in Kurnool (Andhra Pradesh)
sometimes are not even paid for their work. You will grows cotton on her small piece of land. It takes
153
