GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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type of trade movement which focuses on the improvement of trading circumstances
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flow of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets
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economic transactions between countries or other foreign entities
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difference between a country’s imports and exports
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company or manufacturer is more involved with the exporting process
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Detailed explanation-1: -Fair Trade is a social movement and market-based approach aimed at promoting sustainable development and improving the lives of marginalized producers, especially in the global South, by providing better trading conditions and protecting the rights of workers and farmers.
Detailed explanation-2: -Fair trade is a global movement made up of a diverse network of producers, companies, shoppers, advocates, and organizations working together to build a more equitable model of trade. After World War II, the fair trade movement began to take shape. One of the movement’s key pioneers was Edna Ruth Byler.
Detailed explanation-3: -Fair trade is an organized social movement and market-based approach that aims to help producers in developing countries make better trading conditions and promote sustainability. The movement advocates the payment of a higher price to producers as well as higher social and environmental standards.
Detailed explanation-4: -The Fair Trade movement began back in 1946 when a woman named Edna Ruth Byler began importing needlecrafts from low income women in South America. She laid the groundwork for the first Fair Trade organization, the Mennonite Central Committee.
Detailed explanation-5: -Bananas. A go-to snack for people on the run, bananas are a supermarket staple. Cocoa. Chances are you ate some this week – the world loves cocoa, but wouldn’t love the conditions of many of those who grow it. Coffee. Flowers. Sugar. Tea. Cotton. Fruit/Juices. More items