Difference between revisions of "Fair trade"
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| − | a | + | '''Fair trade''' is a business and social movement whereby a producer in a [[developing country]] is paid at a rate higher than the generally prevailing market price for their goods. This is generally done because many producers of goods like [[coffee]], [[tea]] and [[chocolate]] do not receive living wages for their work. |
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| − | + | In order for a product to be marketed as Fair Trade, certification by an independent entity<ref>http://www.transfairusa.org/</ref> is generally required. | |
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| − | + | == References == | |
| − | + | <references/> | |
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| + | [[Category:Economics]] | ||
| + | [[Category:Politics]] | ||
Revision as of 18:32, September 7, 2007
Fair trade is a business and social movement whereby a producer in a developing country is paid at a rate higher than the generally prevailing market price for their goods. This is generally done because many producers of goods like coffee, tea and chocolate do not receive living wages for their work.
In order for a product to be marketed as Fair Trade, certification by an independent entity[1] is generally required.