Trade And Rainfirssts Flashcards
What is trade
Buying and selling of goods and services
Local trade would be
Swapping football cards
National grade would be
Burying a British cox apple at Tesco
Global trade would be buying a
Shirt made in turkey frim the shopping centre
Coffee growing countries
Brazil
Vietnam’s
Columbia
Indonesia
What’s a commodity and examples
A raw material product that can be bought and sold
Crude oil
Wheat
Corn
Cotton
Why do coffee prices change
Lower than expected production from coffee suppliers
Supplies limited
Supply and demand changes impacts
Decrease in supply causes a shortage more people want coffee at the low price than supplies are able to provide
Fair trade characteristics
Cuts down the middle men
Higher prices
And benefits us
How does fair trade help farmers
More money for farmers
Can fund schools
Improvement of gear
Land quality
What is aid
Giving of assistance to country’s who are in need
Long term aid
Long term has less immediate goal it seeks to improve development of country
Short term aid
Helps save immediate problems it brings urgent relief like water food medicine
Bilateral aid
One country to another
Multilateral aid given by I
International organisations link un and world bank