Question

Synthetic fibers, such as nylon, are one example of the many products that are made from petroleum. Which group might experience a negative economic effect from the making of synthetic fabrics?

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Answer 1

The group that might experience a negative economic effect from the making of synthetic fabrics are the producers and manufacturers of natural fibers such as cotton, wool, and silk. The production of synthetic fibers has led to a decrease in demand for natural fibers, which has resulted in a decrease in prices for natural fibers and a decrease in income for the producers and manufacturers of natural fibers.