Yarn Production

Yarn Production Macroeconomic question? Suppose that the production of hand-loomed shirts encompasses the following stages: Stage 1: Farmer sells cotton to the spinner$3 Stage 2: Spinner sells ya...


Yarn Production

Yarn Production
Macroeconomic question?

Suppose that the production of hand-loomed shirts encompasses the following stages:

Stage 1: Farmer sells cotton to the spinner$3
Stage 2: Spinner sells yarn to the weaver$8
Stage 3: Weaver sells cloth to the tailor$15
Stage 4: Tailor sells shirt to the retailer$20
Stage 5: Retailer sells shirt to the consumer$50

1) How much does this output contribute to GDP?

2) How would the answer in (b) change if the finished shirt were imported from Bangladesh?

$50 is the GDP contribution if the shirt is produced domestically. $30 is the contribution if you import the finished shirt, since imports are subtracted from GDP, but the retail sale is the consumption that does count



The World Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns: A 2011 Global Trade Perspective
The World Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns: A 2011 Global Trade Perspective
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The 39 Steps (Remastered Edition) - 1935
The 39 Steps (Remastered Edition) - 1935
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Spin Your Own Yarn, Knit a Scarf. Instructional DVD
Spin Your Own Yarn, Knit a Scarf. Instructional DVD
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The 2011 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in the United States
The 2011 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in the United States
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The 2009 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in Latin America
The 2009 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in Latin America
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The 2011 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in China
The 2011 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in China
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The 2009 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in France
The 2009 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in France
Sale Price: $264.00
The 2009 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in the Middle East
The 2009 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in the Middle East
Sale Price: $325.00
The 2009 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in Switzerland
The 2009 Import and Export Market for Parts and Accessories of Textile Machinery Used in the Preparation and Production of Textile Fibers and Yarns in Switzerland
Sale Price: $288.00
The 39 Steps (Remastered Edition) - 1935
The 39 Steps (Remastered Edition) - 1935
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Pinzon 160-Gram Yarn-Dyed Flannel Queen Sheet Set, Black/White Plaid
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Economics Science Technology of Yarn Production Lord
Economics Science Technology of Yarn Production Lord

Indian Home Furnishing Products Catching Up Fast Globally

The Home furnishing being an inseparable segment of the textiles and clothing sector , is currently picking up very fast to capture the markets the world over.

This is evident from the fact that the Global market size for home textiles is about US $ 70 billion and has been growing at a consistent rate 5% in the last five years whereas the USA is the worlds single biggest market with a size of US $ 18 billion market followed by the European union at $ 15 billion.

The diverse structure of the Indian Textile industry coupled with its close linkage with its ancient culture and tradition provides it with the unique capacity to produce with the help of latest technological inputs and design capability a wide variety of products suitable to the varying consumer tastes and preferences both within the country and overseas.

The current size of India Textiles and clothing sector is US $ 36 billion out of which roughly US $12 billion is contributed by Indian export from this sector.

The former figure is stated to grow to US $ 85 billion by 2010 and exports to US $ 40 billion . The largest exported item from India is the bedspread, with a global trade share of nearly 3%. Other Home furnishing articles account for almost 2/3 of the total Indian exports in this category.

To create a niche in the International market for home furnishing products, two samples were produced with different dyeing effects like contrast color, varying the shades and single-component dyeing on the union fabric.

One has 100% polyster filament yarn as the warp and cotton yarn as the weft. The second sample has cotton yarn as the warp and polyster yarn as the weft . The constituent yarns were first dyed to different colors and shades and then woven into Union Fabric .

Both the fabrics were treated with stain resistant finish and flame retardant finish. The finished fabrics were tested to analyze their properties. These fabrics were compared with similar fabric prevalent in the home furnishing Industry, like 100% cotton fabric and polyster /cotton blend .

The union fabrics were finally converted into standard home furnishing kitchen products like aprons, mittens and napkins .

These products were also compared with the regular products for their properties, performance and cost and were fount suitable to consumer tastes and preferences both within the country and overseas

About the Author

Roopak Malik of textileservicesltd.com ( Apparel Buying Agency and Sourcing Agency India) has written articles on fashion accessiories, kitchen linen and home furnishingfor the site http://www.textileservicesltd.com

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