trade Flashcards
1
Q
What is interdependence?
A
Countries relying on eachother to provide goods, money, people or service
2
Q
What is trade?
A
The exchange of goods and services for money, either overseas or through a country
3
Q
What are imports and exports?
A
Imports - A good or service bought in one country that was produced in another | Exports - A product or service produced in one country but sold abroad
4
Q
What is Fairtrade?
A
A global scheme started to help guarantee a better deal for farmers, ensuring better prices and working conditions
5
Q
What’s a positive about Faitrade?
A
Pays farmers a fairer price
6
Q
What’s a negative about fair trade?
A
Leads to higher prices for consumers
