Chapter 5: Problem 16
What are fair trade products?
Short Answer
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Fair trade products are goods produced in line with ethical, social, and environmental standards that ensure a fair deal for producers, particularly those in developing countries. They promote transparent working conditions, fair wages, and environmental sustainability. Examples of fair trade products include coffee, tea, chocolate, bananas, handicrafts, clothing, and sugar. They are certified by organizations like Fairtrade International, World Fair Trade Organization, and Fair Trade USA, ensuring that products meet specific standards in their supply chain. By purchasing fair trade products, consumers can support ethical trade practices and improve the livelihoods of farmers, workers, and artisans worldwide.
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