ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the price of Fair Trade products is higher than normal products
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If a small amount of the extra prices ends up going to the producers
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If there is a large amount of corruption
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If the Fair Trade Premium is large
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Detailed explanation-1: -Fairtrade connects producers, businesses, and consumers in a global system of sustainable, ethical trade. With over 30, 000 unique Fairtrade products on sale worldwide, the decisions you make while shopping can improve the lives of farmers and workers in developing countries.
Detailed explanation-2: -Examples of human rights requirements in the Fairtrade Standards include: No child or forced labour. No discrimination, harassment or abuse of any kind. A ban on dangerous pesticides.
Detailed explanation-3: -Fairtrade’s goal is to ensure workers and farmers are adequately compensated for their products and effort throughout the supply chain, allowing them to build sustainable businesses of their own and remove exploitation such as child labour from global production.
Detailed explanation-4: -You’re giving farmers and producers around the world a fair go. You’re helping protect workers’ rights. You’re helping the planet. You’re supporting developing communities. It tastes better. 19-Oct-2017