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11. Cashmere

The Economics of Everyday Things

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Mongolia's Sustainable Cashmere Platform

Mongolian herders are nomadic. They migrate across vast distances, sometimes hundreds of miles in search of food for their goats. On average, a goat might produce 250 grams of raw cashmere each year. That means that it takes a herd of 500 goats to earn Mongolia's median household income of $5,000.

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