ECONOMICS
ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The Fair Trade Premium gives money directly to government officials
|
|
|
It gives money directly to the producers of the product
|
|
|
It raises tax revenue for the government
|
|
|
It gives money directly to the consumers of the product
|
Detailed explanation-1: -The Fair Trade Foundation promotes Global Citizenship by supporting producers to improve their living conditions, by guaranteeing a fair, minimum price for their products.
Detailed explanation-2: -Fairtrade means fair wages for farmers This ensures farmers can earn and expect a stable income and plan for their future. Fairtrade is the only certification scheme that offers such a unique minimum price protection for farmers.
Detailed explanation-3: -The Fairtrade Standards promote training for farmers, which can include advice on switching to environmentally friendly practices, such as developing nutrient-rich soils that support healthy plants and encouraging wildlife to help control pests and diseases.
Detailed explanation-4: -Offering people decent prices for their produce can help to support jobs, improving living conditions for producers, their families and the local businesses they buy from, and diverting young men, especially, away from involvement in militias.