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1800-102-2727Chapter 8 Shows the students, how markets offer people different opportunities. This chapter explains through the 'story of a shirt' to help students simply understand the market chains. By getting a close understanding of each step, the manufacture and circulation of a shirt, students will realise that not everyone has the opportunities to gain in the market transaction. The 'story of a shirt' aptly demonstrates in-depth inequality in markets and differences in opportunities. In conclusion, it helps students to understand the necessity for a viable approach that ensures equitable distribution of resources in the market.
Beginning with the assembly of cotton and ends with the shirt's sale, it establishes the market chains, the producer of cotton to the consumer of the shirt within the lifestyle store raising important questions like Will everybody profit equally from this? Or make some individuals profit quite well from others? You will notice the solution to the present question at the top of the chapter.
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