Fair trade Flashcards
0
Q
Quotas
A
Limit the amount of goods that can be imported. Mainly primary goods, this disadvantages LEDCs
1
Q
Tariffs
A
Taxes paid on imported goods
2
Q
Subsidies
A
Grants of money given by governments to farmers or other businesses to keep their prices down so they can compete with imported goods from developing countries.
3
Q
World Trade Organisation
A
Works to reduce domestic subsidies to create one large global free trade area.