Fair Trade
Market-based approach to trade that guarantees fair prices to producers, ensures ethical labor practices, and promotes environmental sustainability.
Real World
Fairtrade-certified coffee farmers in Ethiopia receive a guaranteed minimum price plus a community premium, funding school construction in villages where Starbucks sources its Sidamo beans.
Exam Focus
Evaluate fair trade's limitations (small market share, certification costs) as well as benefits to access the top mark band.
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