why is fair trade good for LEDCs
Voluntary trade describes a market where buyers and sellers have the right to sell and buy by their own preference or refuse to if they so choose. Both buyers and sellers benefit from this type of trade.
The trade fair benefits the LEDCs because they provide us with raw materials at very cheap rates.
Farmer benefit from fair trade since they can receive more payment for a better quality of goods. Fair Trade promises farmer better wages for their production of goods. This benefits farmers in poor, developing countries. This way farmers get more pay for goods. Now farmers can support their family.
Fair trade aims to guarantee the growers and pickers of produce a fair price for the work they've done. Prior to the scheme's introduction, 3rd world farmers could be paid literally peanuts for vast amounts of produce.
both buyers and sellers.
why is fair trade good for LEDCs
I don't know and I don't care!
Voluntary trade describes a market where buyers and sellers have the right to sell and buy by their own preference or refuse to if they so choose. Both buyers and sellers benefit from this type of trade.
because it is fair
they gain sales
The trade fair benefits the LEDCs because they provide us with raw materials at very cheap rates.
fair trade is fair and not so fair because not all farmers in Africa benefit having money to look after their families
Farmer benefit from fair trade since they can receive more payment for a better quality of goods. Fair Trade promises farmer better wages for their production of goods. This benefits farmers in poor, developing countries. This way farmers get more pay for goods. Now farmers can support their family.
Fair trade aims to guarantee the growers and pickers of produce a fair price for the work they've done. Prior to the scheme's introduction, 3rd world farmers could be paid literally peanuts for vast amounts of produce.
Fair trade coffee means that the growers receive fair market value for their product. Most of the growers are small land holders who sell to collectives. Volatile markets often cheated these farmers of a decent price for their efforts and the fair trade agreement ensures a minimum market price of $1.26 per pound. An independent monitor polices the buyers making sure agreements are followed.
Fair trade coffee means that the growers receive fair market value for their product. Most of the growers are small land holders who sell to collectives. Volatile markets often cheated these farmers of a decent price for their efforts and the fair trade agreement ensures a minimum market price of $1.26 per pound. An independent monitor polices the buyers making sure agreements are followed.