Question

What is fair trade? What are the benefits of fair trade to workers and small business owners (list at least two benefits)? Also, does fair trade always mean that consumers will end up paying more for goods? Why or why not?

Answer 1

Fair Trade is considered to be a movement which stands for the fair treatment of farmers in third world countries . Fair trade provides better and fair price also pay employees a good wage and promote sustainable development.

Fair trade is more advantageous to workers and small business owners in many aspects

• Paid higher than market price so extra money for development
• Helping them become more income secure
• Help workers and farmers realise their rights
• Investments made in education , healthcare and housing due to better pricing
• Improves access to agricultural services like organic training and therefore premium markets.
• stable prices that cover the cost of sustainable production

Fair Trade network connects small farmers , workers , and craftspeople with organization and consumers in all over the world through this fair trade system its rules and principles. The basic concepts of fair trade guarantees a minimum price for commodities ,so workers in developing countries are paid more than the amount they can earn. It reaches further than the ethical trade , it enables people to take more control over their own lives.

Fair trade is now one of the greatest success of ethical consumer movement . It enhances the relationship between producers with consumers and informs the consumers of the need for social justice and opportunities for change . Consumers know they are buying a product which is ethical, organic, fair price and enables the consumers to trace their purchase