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Fair trade makes sure that the price being paid to the farmers is fair. It also makes sure that no slave labor is being used.

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Which economic parameter is used to classify the countries into developed and under developed?

per capita income is the = economic parameter which is used to classify the countries into developed and under developed =


How did the government regulation of trade limit economic growth under the system of mercantilism?

It prevented the expansion of trade with other countries.


Does less developed country means underdeveloped country?

Underdeveloped countries are synonymous with less developed countries, usually due to an imbalance in trade in which the undeveloped country is dominated and exploited by a dominant country. i.e. from the start of the 17th century until the mid to end of the 20th century Africa was exploited under colonialism when its economic structure was moulded to suit the needs of the dominant countries (portugal and britain), in recent times this exploitation is due to debt and debt control.


Does Canada have free trade with Germany?

Canada has a degree of free trade with Germany under the terms of the World Trade Organization of which both countries are members; it does not have the same degree of unrestricted trade that it has with the US and Mexico under the terms of the North American Free Trade Agreement. All of these trade agreements are very complicated. But in general, there is certainly commerce between Canada and Germany.


Is Iran a developing developed or under developed country?

Iran is typically considered a developing country. It has a decent infrastructure and modern scientific output. However, it is not equivalent to South Korea or Israel, which are the two countries on the Asian mainland that are considered developed.

Related Questions

Which economic parameter is used to classify the countries into developed and under developed?

per capita income is the = economic parameter which is used to classify the countries into developed and under developed =


What countries are categorized as Developed Countries and under developed countries?

india & chine are developing country where as us and uk are developed country


How many under developed countries in the world?

6


What are some under- developed countries?

haiti mexico


Is Bulgaria under developed?

No it is not under developed. It is not in the club of LDC (least developed countries). One can check its GDP/GNP. And Bulgaria is a member of the EU


Manpower problems of under developed countries?

LACK OF EDUCATION


What improvements to agriculture developed under the Han?

trade networksfor sowing


Is Iran a less economic developed country?

It is listed under Less Developed Countries at the Related Link below.


What countries does Canada trade with under trade agreement?

norway ,denmark , malta ,poland maybe austria


What are plans of entrpreneurs in under developed countries?

We can making the best leader on thats country....


What are 3 products that fair trade offers?

Fair trade offers a variety of products, including coffee, chocolate, and handicrafts. Fair trade coffee is sourced from farmers who receive fair wages and work under sustainable conditions. Fair trade chocolate ensures that cocoa farmers are compensated fairly and promotes ethical farming practices. Handicrafts, such as textiles and home goods, support artisans in developing countries, allowing them to earn a fair income while preserving their cultural heritage.


How did government regulation of trade limit economic growth under the system of mercantilism?

It prevented expansion of trade with other countries.