December 9, 2013

The price of goods

Follow Your Money: Who Gets It, Who Spends It, Where Does It Go?
by Kevin Sylvester and Michael Hlinka

Why do things cost so much? The authors of this book trace the path of money using familiar products many teens covet, such as designer jeans, MP3 players, movie tickets, cell phones, hamburgers, or pizza. They break down the price of each item, showing how material and labour costs, shipping fees, and taxes affect profits and royalties. They also explain how retailers try to make money through sales, which isn't as easy as one would think. 

By following the way money flows from producer to customer, readers will more fully understand the price of goods and maybe turn into more conscientious consumers.

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