Fair Trade Flashcards

1
Q

Fair Trade

A

Trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers.

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2
Q

Trade

A

The action of buying and selling goods and services.

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3
Q

Interdependent

A

(of two or more people or things) Dependent on each other.

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4
Q

Globalisation

A

The process by which businesses or other organisations develop international influence or start operating on an international scale.

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5
Q

Free Trade

A

International trade left to its natural course without tariffs, quotas, or other restrictions.

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6
Q

Primary Sector

A

The sector of the economy concerned with or relating to primary industry.

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7
Q

Secondary Sector

A

The sector of the economy concerned with or relating to secondary industry.

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8
Q

Tertiary Sector

A

The sector of an economy concerned with or relating to tertiary industry.

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9
Q

Sweatshop

A

A factory or workshop, especially in the clothing industry, where manual workers are employed at very low wages for long hours and under poor conditions.

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10
Q

Co-operative

A

A farm, business, or other organization which is owned and run jointly by its members, who share the profits or benefits.

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11
Q

Subsistence Farming

A

Self-sufficiency farming in which the farmers focus on growing enough food to feed themselves and their families.

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12
Q

Cash Crops

A

A crop produced for its commercial value rather than for use by the grower.

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13
Q

Import

A

Bring (goods or services) into a country from abroad for sale. A commodity, article, or service brought in from abroad for sale.

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14
Q

Export

A

Send (goods or services) to another country for sale. A product or service sold abroad.

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15
Q

Equity

A

The quality of being fair and impartial.

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16
Q

Fairness

A

The quality of making judgments that are free from discrimination.

17
Q

Marketing

A

The action or business of promoting and selling products or services, including market research and advertising.

18
Q

Developing

A

Grow or cause to grow and become more mature, advanced, or elaborate.

19
Q

Developed

A

Advanced or elaborated to a specified degree. E.g socially or economically

20
Q

Exploitation

A

The action or fact of treating someone unfairly in order to benefit from their work.

21
Q

Consumer

A

A person who purchases goods and services for personal use

22
Q

Producer

A

A person, company, or country that makes, grows, or supplies goods or commodities for sale.